As of Friday close, Rapid7 Inc.’s (NASDAQ:RPD) stock was down -$0.44, moving down -0.96 percent to $45.52. The average number of shares traded per day over the past five days has been 865,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.38 fall in that time frame. In the last twenty days, the average volume was 1,310,215, while in the previous 50 days, it was 1,183,454.
Since last month, RPD stock rose 1.02%. Shares of the company fell to $39.49 on 08/08/23, the lowest level in the past month. A 52-week high of $65.85 was reached on 02/09/23 after having rallying from a 52-week low of $26.49. Since the beginning of this year, RPD’s stock price has risen by 33.96% or $11.54, and marked a new high 9 times. However, the stock has declined by -30.87% since its 52-week high.
RPD stock investors should be aware that Rapid7 Inc. (RPD) stock had its last reported insider trading activity 9 days ago on Aug 10. Brown Marc Evan, the Director of the company, disposed of 11,601 shares for $47.56 on Aug 10. It resulted in a $551,734 divestment by the insider. Thomas Corey E. sold 41,620 shares at an average price of $36.52 on Dec 16. The insider now owns 428,074 shares following the transaction. On Dec 15, CEO Thomas Corey E. sold 41,619 shares at $36.68 apiece. The transaction was valued at $1,526,432.
Financial Health
In the three months ended June 30, Rapid7 Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.60% percent. In the year ended June 30, EBITDA margin amounted to -10.29%, whereas operating margins totaled -15.30%. Based on annual data, RPD earned $470.73 million in gross profit and brought in $685.08 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -16.40%. Return on equity (ROE) for the past 12 months was 109.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RPD’s revenue rose 11.98% to $183.17 million during the quarter, while net income inched up to $190.26 million. While analysts expected Rapid7 Inc. to report $0.11 quarterly earnings, the actual figure was $0.18 per share, beating the consensus estimate by 63.60%. During the quarter, the company generated -$38.8 million in EBITDA. The liabilities of Rapid7 Inc. were 1.47 billion at the end of its most recent quarter ended June 30, and its total debt was $914.74 million. The value of shareholders’ equity is $60.97 million.
Technical Picture
This quick technical analysis looks at Rapid7 Inc.’s (RPD) price momentum. With a historical volatility rate of 95.59%, the RSI 9-day stood at 47.54% on 18 August.
With respect to its five-day moving average, the current Rapid7 Inc. price is down by -10.57% percent or -$5.38. At present, RPD shares trade -0.70% below its 20-day simple moving average and +11.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.84% below its SMA50 and +0.55% above its SMA200.
Stochastic coefficient K was 53.01% and Stochastic coefficient D was 62.96%, while ATR was 2.12. Given the Stochastic reading of 47.71% for the 14-day period, the RSI (14) reading has been calculated as 49.58%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at 0.56.
Analyst Ratings
UBS launched its rating on Rapid7 Inc. (NASDAQ: RPD) to a Neutral in a note to investors on July 06, 2023. Rapid7 Inc. (RPD) has been rated Hold by analysts. According to 1 brokerage firm, RPD is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Rapid7 Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $52.00, the current consensus forecast for the stock is $40.00 – $65.00. Based on these forecasts, analysts predict Rapid7 Inc. (RPD) will achieve an average price target of $51.13.
