While Rapid7 Inc has overperformed by 0.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RPD rose by 10.37%, with highs and lows ranging from $61.88 to $37.29, whereas the simple moving average jumped by 8.67% in the last 200 days.
On January 29, 2024, UBS Upgraded Rapid7 Inc (NASDAQ: RPD) to Buy. A report published by Citigroup on January 09, 2024, Upgraded its rating to ‘Buy’ for RPD. Susquehanna also rated RPD shares as ‘Neutral’, setting a target price of $55 on the company’s shares in an initiating report dated December 15, 2023. UBS initiated its ‘Neutral’ rating for RPD, as published in its report on July 06, 2023. Piper Sandler’s report from February 09, 2023 suggests a price prediction of $52 for RPD shares, giving the stock a ‘Neutral’ rating. Canaccord Genuity also rated the stock as ‘Hold’.
Analysis of Rapid7 Inc (RPD)
Further, the quarter-over-quarter increase in sales is 11.27%, 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 1.03, 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 791.33K. On a monthly basis, the volatility of the stock is set at 3.57%, whereas on a weekly basis, it is put at 3.29%, with a loss of -6.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.19, showing growth from the present price of $54.59, 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?
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 2.98%. 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 98.59% 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 98.59% at present.
