While Rapid7 Inc has underperformed by -0.77%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RPD fell by -18.06%, with highs and lows ranging from $61.88 to $32.94, whereas the simple moving average fell by -4.29% 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 7.95%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Rapid7 Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and RPD is recording an average volume of 674.68K. On a monthly basis, the volatility of the stock is set at 3.34%, whereas on a weekly basis, it is put at 4.19%, with a gain of 2.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.61, showing growth from the present price of $41.28, 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?
A leading company in the Software – Infrastructure sector, Rapid7 Inc (RPD) is based in the USA. When comparing Rapid7 Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 65.23, there is a growth in quarterly earnings of 117.54%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 100.80% 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 100.80% at present.
