Redfin Corp

Company Profile

Redfin Corp had its IPO on 2017-07-28 under the ticker symbol RDFN.

The company operates in the Real Estate sector and Real Estate Services industry. Redfin Corp has a staff strength of 5,572 employees.

Stock update

Shares of Redfin Corp opened at $9.15 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $9.08 - $9.47, and closed at $9.11.

This is a -1.51% slip from the previous day's closing price.

A total volume of 1,865,158 shares were traded at the close of the day’s session.

In the last one week, shares of Redfin Corp have slipped by -3.19%.

Redfin Corp's Key Ratios

Redfin Corp has a market cap of $1.05 billion, indicating a price to book ratio of 4.8407 and a price to sales ratio of 0.2204.

In the last 12-months Redfin Corp’s revenue was $2.20 billion with a gross profit of $286.05 million and an EBITDA of $-242756992. The EBITDA ratio measures Redfin Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Redfin Corp’s operating margin was -14.16% while its return on assets stood at -11.23% with a return of equity of -169.41%.

In Q2, Redfin Corp’s quarterly earnings growth was a positive 328.6% while revenue growth was a negative 21.1%.

Redfin Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

0

Its diluted EPS in the last 12-months stands at $-2.08 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Redfin Corp’s profitability.

Redfin Corp stock is trading at a EV to sales ratio of 0.7544 and a EV to EBITDA ratio of -8.8913. Its price to sales ratio in the trailing 12-months stood at 0.2204.

Redfin Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.30 billion

Total Liabilities

$384.81 million

Operating Cash Flow

$41.38 million

Capital Expenditure

$3.29 million

Dividend Payout Ratio

0%

Redfin Corp ended 2024 with $1.30 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.30 billion while shareholder equity stood at $49.44 million.

Redfin Corp ended 2024 with $255000.00 in deferred long-term liabilities, $384.81 million in other current liabilities, 114000.00 in common stock, $-781463000.00 in retained earnings and $461.35 million in goodwill. Its cash balance stood at $118.78 million and cash and short-term investments were $219.42 million. The company’s total short-term debt was $267,541,000 while long-term debt stood at $834.72 million.

Redfin Corp’s total current assets stands at $560.50 million while long-term investments were $5.47 million and short-term investments were $100.64 million. Its net receivables were $67.75 million compared to accounts payable of $14.66 million and inventory worth $263.35 million.

In 2024, Redfin Corp's operating cash flow was $41.38 million while its capital expenditure stood at $3.29 million.

Comparatively, Redfin Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$9.11

52-Week High

$17.68

52-Week Low

$3.08

Analyst Target Price

$8.56

Redfin Corp stock is currently trading at $9.11 per share. It touched a 52-week high of $17.68 and a 52-week low of $17.68. Analysts tracking the stock have a 12-month average target price of $8.56.

Its 50-day moving average was $11.85 and 200-day moving average was $8.93 The short ratio stood at 3.42 indicating a short percent outstanding of 0%.

Around 462% of the company’s stock are held by insiders while 7990.4% are held by institutions.