With 3.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.64 million shares. The 52-week range on RDW shows that it touched its highest point at $26.66 and its lowest point at $2.91 during that stretch. It currently has a 1-year price target of $26.00. Beta for the stock currently stands at 2.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RDW was down-trending over the past week, with a drop of -39.19%, but this was down by -32.49% over a month. Three-month performance surged to 30.13% while six-month performance rose 120.96%. The stock gained 394.48% in the past year, while it has lost -12.88% so far this year. A look at the trailing 12-month EPS for RDW yields -1.21 with Next year EPS estimates of -0.15. For the next quarter, that number is -0.18. This implies an EPS growth rate of -145.45% for this year and 85.19% for next year.
Float and Shares Shorts:
At present, 65.93 million RDW shares are outstanding with a float of 25.04 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RDW since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.98147 being high and -$1.09746 being low. For RDW, this leads to a yearly average estimate of -$1.035.
