Riskified (NYSE: RSKD) has undergone analysis by four analysts over the past three months, each offering their unique perspectives on the company’s future. The collective opinion of these analysts reveals a moderate buy consensus, as determined by the ratings of six Wall Street analysts. Among these ratings, two are classified as buy, four as hold, and none as sell.
Looking at the 12-month average price target for Riskified, it stands at $5.33. This represents a potential upside of 13.04% from the current price. It is worth noting that this average price target is slightly lower than the previous average of $5.88, indicating a decline of 14.97%. The most recent actions taken by analysts, as well as their corresponding price targets, are summarized in the table below:
Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Gil Luria DA Davidson Announces Neutral $5.00 –
Timothy Chiodo UBS Lowers Neutral $5.00 $5.75
Tien-Tsin Huang JP Morgan Lowers Neutral $5.00 $6.00
Brent Bracelin Piper Sandler Maintains Overweight $5.00 –
The recent ratings and price targets suggest a neutral outlook from analysts, with some of them lowering their price targets for Riskified. Over the past three months, the consensus on the stock has leaned towards an overweight position. The high estimate stands at $7.50, the median at $5.00, and the low at $4.50.
Overall, the stock has a moderate buy consensus, based on the ratings of six Wall Street analysts. The recent actions and price targets from these analysts reflect the ever-changing market conditions and the performance of the company. They provide valuable insights into how analysts perceive the current state of Riskified.
In conclusion, the analyst projections for Riskified indicate a moderate buy consensus, with a 12-month average price target of $5.33. This suggests a potential upside of 13.04% from the current price. While some analysts have adjusted their price targets lower, the overall outlook remains neutral.
RSKD Stock Analysis: Price Momentum Declines on February 5, 2024
On February 5, 2024, RSKD stock experienced a slight decline in its price momentum. According to data from CNN Money, RSKD is currently trading in the middle of its 52-week range and is above its 200-day simple moving average.
The price of RSKD shares decreased by $0.10 since the market last closed, representing a drop of 2.08%. This decline may indicate a temporary setback for the stock.
Furthermore, on that day, RSKD opened at $4.62, which was $0.09 lower than its previous close. This lower opening price suggests that there may have been some selling pressure or negative sentiment surrounding the stock at the beginning of the trading session.
Investors should analyze the company’s financial health, industry trends, and market conditions to make informed decisions about their investments.
RSKD Stock Performance on February 5, 2024: Mixed Revenue Growth and Income Challenges
RSKD Stock Performance on February 5, 2024: A Mixed Bag of Revenue Growth and Income Challenges
Introduction:
On February 5, 2024, RSKD stock experienced a mixed performance, with the company’s total revenue showing a significant increase over the past year but remaining stagnant in the last quarter. Meanwhile, the net income saw a substantial rise compared to the previous year but declined in the last quarter. Additionally, earnings per share (EPS) demonstrated a notable improvement on an annual basis but experienced a decline in the most recent quarter. In this article, we will delve into the details of RSKD’s financial performance and analyze the implications for investors.
Total Revenue:
RSKD’s total revenue for the past year amounted to $261.25 million, marking a 14.01% increase compared to the previous year. However, it is worth noting that the total revenue remained flat at $71.87 million in the last quarter.
Net Income:
The net income for RSKD showed a significant improvement over the past year, increasing by 41.87% to reach -$103.99 million. However, in the last quarter, the net income declined by 23.86% to -$20.93 million.
Earnings per Share:
RSKD’s earnings per share (EPS) demonstrated a remarkable improvement on an annual basis, rising by 73.49% to -$0.62. However, in the last quarter, EPS declined by 21.93% to -$0.12.
Implications for Investors:
The mixed performance of RSKD’s financial indicators on February 5, 2024, presents a complex picture for investors. While the company has shown positive growth in total revenue and net income on an annual basis, the decline in the last quarter raises concerns about its short-term performance. Additionally, the drop in EPS during the last quarter suggests a potential decrease in profitability per share.
Investors should consider various factors before making decisions regarding RSKD stock. It is crucial to analyze the reasons behind the decline in net income and EPS in the last quarter, as well as monitor any potential changes in the company’s business strategy. Furthermore, keeping an eye on RSKD’s competition and market trends can provide valuable insights into the company’s future prospects.
Conclusion:
RSKD’s stock performance on February 5, 2024, showcased a mixed bag of revenue growth and income challenges. While the company experienced a notable increase in total revenue and net income on an annual basis, the last quarter saw a decline in both indicators. Similarly, the earnings per share improved significantly over the past year but declined in the most recent quarter. Investors should carefully evaluate these financial metrics and consider the underlying factors influencing RSKD’s performance before making investment decisions.
