As of Thursday close, Riskified Ltd.’s (NYSE:RSKD) stock was down -$0.2, moving down -4.49 percent to $4.25. The average number of shares traded per day over the past five days has been 837,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 772,895, while in the previous 50 days, it was 678,808.
Since last month, RSKD stock retreated -4.71%. Shares of the company fell to $4.21 on 09/21/23, the lowest level in the past month. A 52-week high of $6.73 was reached on 02/02/23 after having rallying from a 52-week low of $3.43. Since the beginning of this year, RSKD’s stock price has dropped by -8.01% or -$0.37, and marked a new high 13 times. However, the stock has declined by -36.85% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 2.65, the price-to-book (PB) ratio of 1.51.
Financial Health
In the three months ended June 29, Riskified Ltd.’s quick ratio stood at 8.10, while its current ratio was 8.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.70% percent. In the year ended June 29, EBITDA margin amounted to -35.88%, whereas operating margins totaled -31.00%. Based on annual data, RSKD earned $135.1 million in gross profit and brought in $261.25 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 -23.20%. Return on equity (ROE) for the past 12 months was -14.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RSKD’s revenue rose 12.29% during the quarter, while net income inched up to $261.25 million. While analysts expected Riskified Ltd. to report -$0.03 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$18.31 million in EBITDA. The liabilities of Riskified Ltd. were 104.17 million at the end of its most recent quarter ended June 29, and its total debt was $34.88 million.
Technical Picture
This quick technical analysis looks at Riskified Ltd.’s (RSKD) price momentum. With a historical volatility rate of 32.53%, the RSI 9-day stood at 30.20% on 21 September.
With respect to its five-day moving average, the current Riskified Ltd. price is down by -4.71% percent or -$0.21. At present, RSKD shares trade -9.96% below its 20-day simple moving average and -13.44% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.27% below its SMA50 and -17.48% below its SMA200.
Stochastic coefficient K was 8.80% and Stochastic coefficient D was 8.05%, while ATR was 0.18. Given the Stochastic reading of 4.19% for the 14-day period, the RSI (14) reading has been calculated as 36.72%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.19.
Analyst Ratings
Piper Sandler upgraded its rating on Riskified Ltd. (NYSE: RSKD) to an Overweight in a note to investors on March 10, 2023. The analysts firm previously had a Neutral rating on the stock.Riskified Ltd. (RSKD) has been rated Overweight by analysts. According to 0 brokerage firms, RSKD is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Riskified Ltd. stock as buy, with 3 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $5.50 – $7.50. Based on these forecasts, analysts predict Riskified Ltd. (RSKD) will achieve an average price target of $6.60.
