Radian Group, Inc (NYSE:RDN) shares, rose in value on Friday, November 22, with the stock price up by 2.76% to the previous day’s close as strong demand from buyers drove the stock to $34.96.
Actively observing the price movement in the last trading, the stock closed the session at $34.02, falling within a range of $34.09 and $35.01. The value of beta (5-year monthly) was 1.041 whereas the PE ratio was 9.06 over 12-month period. Referring to stock’s 52-week performance, its high was $37.86, and the low was $24.92. On the whole, RDN has fluctuated by 1.84% over the past month.
With the market capitalization of Radian Group, Inc currently standing at about $5.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 2.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.3B, with a low estimate of 327.79M and a high estimate of 333.39M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 329.92M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RDN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RDN currently trading nearly 2.83% and 1.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.50, while the 7-day volatility ratio is showing 1.75% which for the 30-day chart, stands at 2.71%. Furthermore, Radian Group, Inc (RDN)’s beta value is 1.03, and its average true range (ATR) is 0.81.
A comparison of Radian Group, Inc (RDN) with its peers suggests the former has fared considerably weaker in the market. RDN showed an intraday change of 2.76% in last session, and over the past year, it grew by 37.42%%.
Data on historical trading for Radian Group, Inc (NYSE:RDN) indicates that the trading volumes over the past 10 days have averaged 1.07 and over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 153.18 million shares outstanding.
Nearly 1.44% of Radian Group, Inc’s shares belong to company insiders and institutional investors own 95.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.02 million shares as on 2024-10-31, resulting in a short ratio of 5.34. According to the data, the short interest in Radian Group, Inc (RDN) stood at 392.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.08 million. The stock has risen by 22.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RDN stock heading into the next quarter.
