With 1.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.77 million shares. The 52-week range on RDW shows that it touched its highest point at $26.66 and its lowest point at $4.73 during that stretch. It currently has a 1-year price target of $22.83. Beta for the stock currently stands at 2.44.
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 up-trending over the past week, with a rise of 16.48%, but this was up by 21.66% over a month. Three-month performance dropped to -47.84% while six-month performance rose 19.77%. The stock gained 146.99% in the past year, while it has lost -25.27% so far this year. A look at the trailing 12-month EPS for RDW yields -2.26 with Next year EPS estimates of 0.19. For the next quarter, that number is -0.10. This implies an EPS growth rate of 95.49% for this year and 275.47% for next year.
Float and Shares Shorts:
At present, 76.35 million RDW shares are outstanding with a float of 26.01 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. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.03.
