While Rapid7 Inc has underperformed by -0.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RPD fell by -8.77%, with highs and lows ranging from $61.88 to $32.94, whereas the simple moving average fell by -5.18% in the last 200 days.
On October 16, 2024, Jefferies started tracking Rapid7 Inc (NASDAQ: RPD) recommending Buy. A report published by RBC Capital Mkts on September 20, 2024, Downgraded its rating to ‘Sector Perform’ for RPD. Canaccord Genuity also Upgraded RPD shares as ‘Buy’, setting a target price of $43 on the company’s shares in a report dated August 07, 2024. Robert W. Baird August 01, 2024d the rating to Neutral on August 01, 2024, and set its price target from $56 to $45. Scotiabank initiated its ‘Sector Perform’ rating for RPD, as published in its report on April 26, 2024. UBS’s report from January 29, 2024 suggests a price prediction of $70 for RPD shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Rapid7 Inc (RPD)
Further, the quarter-over-quarter increase in sales is 9.23%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Rapid7 Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 711.02K can be a very valuable indicator of volatility for RPD stock. On a monthly basis, the volatility of the stock is set at 3.14%, whereas on a weekly basis, it is put at 4.05%, with a gain of 7.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $44.11, showing growth from the present price of $41.30, which can serve as yet another indication of whether RPD is worth investing in or should be passed over.
How Do You Analyze Rapid7 Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RPD shares are owned by institutional investors to the tune of 100.20% at present.
