Red Violet stock: buy or sell?

RDVT stock price: $24.48 -0.93% At close on February 21st, 2020

Updated on:
February 21st, 2020

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After climbing to all-time highs several times in past weeks, Red Violet depreciated -0.93% to $24.48. On Tuesday RDVT rocketed an astounding 5.45%.

Should I buy Red Violet stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Red Violet stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean RDVT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Red Violet stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for RDVT stock for the last month.

Red Violet stock analysis

Daily outlook

Red Violet closed today at $24.48 after marking a new all time high ($26.16) even it couldn't close with gains and depreciated an unpleasant -0.93%.

After marking all time highs today, Red Violet depreciated -0.93% to $24.48. Since last October when RDVT stock price broke up the SMA100d line, it gained $11.82 (93.36%).

RDVT stock chart (daily)

Weekly outlook

Red Violet ended this week at $24.48 after topping to a new all time high ($26.16) and boosted an astounding 6.90%. This week was the third green week in a row.

If you observe the weekly chart, price finally broke over the resistance at $19.36 and continued climbing. Since price and SMA40w lines crossed up early April, RDVT climbed $17.76 (264.29%). By mid March 2019, SMA20w and SMA40w crossed up triggering a rise of 247.73%.

RDVT stock chart (weekly)

Red Violet stock price history

Red Violet IPO was on March 27th, 2018 at $6.40 per share1. Since then, RDVT stock grew a 282.50%, with a yearly average of 282.50%. If you had invested $1,000 in Red Violet stock in 2018, it would worth $2,825.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Red Violet stock historical price chart

RDVT stock reached all-time highs today with a price of $26.16.

Red Violet stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' RDVT stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price prediction for Red Violet stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

RDVT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/an/an/a
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q1-n/an/an/a
2018-Q2-n/an/an/a

Red Violet ownership

When you are planning to buy a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Red Violet, 53.34% of all outstanding shares are owned by its staff.

In case of Red Violet stock, 15.29% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for RDVT stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Red Violet:

RDVT
Market cap$282.5 M
Total shares11.5 M
Float shares6.2 M
  - Institutional holdings (%)15.3%
  - Insider holdings (%)53.3%
Shares in short selling0.0%

Red Violet summary

Friday, February 21st, 2020
Open$24.61
Close$24.48
Day range$24.25 - $26.16
Previous close$24.71
Session gain-0.93%
Average true range$1.39
50d mov avg$20.25
100d mov avg$17.85
200d mov avg$15.29
Daily patternlb11c
Weekly pattern lb01c

Red Violet performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Red Violet against in the following table:
Stock3m6m12m
RDVTRed Violet45.28%79.34%228.59%

Red Violet competitors

Unfortunately, we could not find any public company that could be defined as Red Violet competitor. This doesn't mean Red Violet does not have any competitor in the market, it's just we could not detected it.