As of Wednesday, Riskified Ltd.’s (NYSE:RSKD) stock closed at $5.24, down from $5.73 the previous day. While Riskified Ltd. has underperformed by -8.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RSKD fell by -19.88%, with highs and lows ranging from $6.73 to $3.43, whereas the simple moving average jumped by 5.65% in the last 200 days.
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On March 10, 2023, Piper Sandler Upgraded Riskified Ltd. (NYSE: RSKD) to Overweight. A report published by KeyBanc Capital Markets on January 20, 2023, Downgraded its rating to ‘Sector Weight’ for RSKD. Goldman also Upgraded RSKD shares as ‘Neutral’, setting a target price of $5 on the company’s shares in a report dated January 09, 2023. Goldman Initiated an Sell rating on December 10, 2021, and assigned a price target of $9. Piper Sandler November 16, 2021d its ‘Overweight’ rating to ‘Neutral’ for RSKD, as published in its report on November 16, 2021.
Analysis of Riskified Ltd. (RSKD)
Further, the quarter-over-quarter increase in sales is 13.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Riskified Ltd.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -20.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.30, 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.
For any stock, average volume can also provide valuable insight into volatility, and RSKD is recording 373.96K average volume. On a monthly basis, the volatility of the stock is set at 5.65%, whereas on a weekly basis, it is put at 5.70%, with a loss of -2.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.92, showing growth from the present price of $5.24, which can serve as yet another indication of whether RSKD is worth investing in or should be passed over.
How Do You Analyze Riskified Ltd. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 17.67%. 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 52.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in RSKD shares?
The recent increase in stakes in RSKD appears to be a result of several institutional investors and hedge funds increasing their positions. Excellence Investments Ltd.’s position in RSKD has increased by 0.05% in the first quarter. The company now owns 8,212,913 shares of the stock, with a value of $45.17 million, following the purchase of 3,809 additional shares during the last quarter. Toronado Partners LLC made another increased to its shares in RSKD during the first quarter, upping its stake by 6.03%.
At the end of the first quarter, EVR Research LP increased its RSKD holdings by 18.52% and now holds 3.2 million RSKD shares valued at $17.6 million with the added 0.5 million shares during the period. RSKD shares are owned by institutional investors to the tune of 52.70% at present.
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