Rapid7 Inc. (NASDAQ:RPD) went up by 3.63% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Software – Application giant went up by $52.87 to trade ended Wednesday trading at $51.02. This is up from the $51.02 price recorded on Tuesday’s trading session. Thanks to this latest performance, RPD is closer to the higher price 52-week target of $73.00 and further from the lowest price target of $50.00. Its performance from the start of the year has also been negative, with RPD down by -5.62% year-to-date.
Rapid7 Inc. (RPD) started the day trading at $51.21 and recorded an intraday high of $53.08. It also recorded an intraday low of $50.8 during Wednesday’s trading session. Rapid7 Inc. is a very active stock that recorded a trading volume that is less than -48.79% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 551723, which is less than -48.79 of the total average daily trading volume of 820.93K.
Rapid7 Inc. (NASDAQ:RPD) 2020 Performance Impressive
The increase in RPD’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of RPD currently stands at $66.01, which is higher than the current trading price of the stock by 19.91%. However, RPD’s current trading price is -68.7% lower than the 52-week low price of $31.34. In terms of trading volume, Rapid7 Inc. currently experienced healthy participation during the last trading session. 551723 shares of Rapid7 Inc. were traded on the stock exchange on Wednesday, which is less than -48.79% of the 820.93K average trading volume of the stock.
The performance of the stock has been positive over the past year. RPD’s performance over the past one year has seen it plunge by -8.83%, while the stock has gone down by -5.62% in the last six months. The quarterly performance of RPD currently stands at 32.37%, and it is up by 5.28% in the last month. The only positive figure was from the weekly performance, which currently reads 10.05%. At the time of writing RPD’s report, the company has a total market cap of $2.65B, making it one of the largest publicly-traded companies in the world.Rapid7 Inc. also has over 1544 employees all over the world.
RPD Insider Activities
For Rapid7 Inc., insiders hold 96.90% of all company shares. The insider transactions over the past six months are up by 8.50%. During that period, insiders bought 517,978 shares in 31 transactions. In that same period, insiders sold 300,507 of their shares in 43 transactions. After these transactions, insiders at Rapid7 Inc. now hold 3.67M shares, which is over 93.17% of the total company stocks. Institutional investors currently hold a large chunk of the RPD shares, as they control 7.27% of the company’s total stock.
RPD Fundamental Analysis
For Rapid7 Inc., the stock’s diluted earnings per share (EPS) stands at -1.32. In the coming year, analysts expect the EPS to be 0.16. The EPS growth will slow down over the next five years to -0.46% after surging by 13.10% in the previous five years. In terms of revenue, Rapid7 Inc.’s quarterly sales (YOY) is shrinking at -0.01, which is lower than the average annual revenue of 13.10% over the past half a decade.
The Return on Investment (ROI) on Rapid7 Inc.’s stock currently stands at -17.20%, and it has a net profit margin of -18.70%. The operating margin of the company is -16.10%, and its gross margin is 71.60%.
RPD Analysts Prediction
In April 29, 2020, several analysts reiterated their positions on the Rapid7 Inc. stock and predicted its performance to their investors. The analysts at Monness Crespi & Hardt believe RPD is still a Buy and set the price target between $72 and $60. and Monness Crespi & Hardt also reiterate their Buy position on the stock ($62 and $72).
Monness Crespi & Hardt and Nomura also believe that Rapid7 Inc.’s stock is outperforming at the moment.
At the moment, Rapid7 Inc.’s Total Debt to Equity ratio stands at 2.46, and they have a long-term Debt to Equity ratio of 2.46.
RPD Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of RPD currently stands at 6.89%, while the SMA50 is 10.34%. The biggest one is the SMA200, which is currently reading 5.11% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 64.94.
