How to Buy Red Violet Stock
Red Violet Inc
Red Violet, Inc. , a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States.
Red Violet stock last closed at $16.99, up 0.06% from the previous day, and has increased 5.72% in one year. It has underperformed other stocks in the Software - Application industry by 0.22 percentage points. Red Violet stock is currently +5.92% from its 52-week low of $16.04, and -27.08% from its 52-week high of $23.30.
There are currently 13.96M RDVT shares outstanding. The market value of RDVT is $237.25M. In the last 24 hours, 27,322 RDVT shares were traded.
How to Buy Red Violet Stock
Wondering how to invest in Red Violet stock? Here's how.
- Figure out where to buy Red Violet stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Red Violet stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your details.
- Evaluate Red Violet stock: The Red Violet ticker symbol is RDVT. Is Red Violet stock a good investment? Should you buy shares of RDVT? How do RDVT's underlying business fundamentals look? Do top analysts think Red Violet is a good buy? Why has RDVT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if RDVT is a good stock to buy).
- Make your RDVT trade: Decide if you will purchase RDVT shares at the current market price or use a limit order to purchase RDVT stock at a particular price.
- Keep an eye on your RDVT investment: Create a watchlist to important notifications about your investment in Red Violet shares.
Step 1: Figure out where to buy Red Violet stock
You need an online brokerage account to access the NASDAQ market and buy RDVT shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can buy RDVT today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your brokerage account
Now that you have filled out your info on app for investing, you need to deposit funds:
Watch the video below for more details depositing money into your new investment account.
Step 4: Evaluate Red Violet stock
Once you have figured out the best place to buy Red Violet stock, it's crucial to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the upside.
Overview of key RDVT info
Fundamentals of Red Violet
WallStreetZen was designed to help average investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on RDVT's stock page.
How is RDVT stock valued?
You can use many financial metrics, analyses, models, and charts to gauge RDVT's intrinsic value.
Using relative valuations measures:
- RDVT could be undervalued based on its P/E ratio of 17.52x, relative to Software - Application industry P/E ratio of 91.33x
- RDVT could be undervalued based on its P/B ratio of 2.76x, relative to Software - Application industry P/B ratio of 6.53x
- RDVT may be undervalued based on its PEG ratio of 0.07x
You can do additional valuation analysis on RDVT's stock here.
Is RDVT a healthy company?
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the RDVT balance sheet.
- RDVT's operating cash flow of $15.07M allows it to safely service it's debt of $2.57M.
- RDVT profit margin has gone up from 1.2% to 22.5% in the past year.
- Total RDVT debt is lower than 5 years ago, relative to shareholder equity.
- RDVT earnings of $2.50M is not enough to cover its interest payments.
- RDVT has a low debt to equity ratio of 0.08.
- There are more short-term assets than short-term liabilities on the RDVT balance sheet.
Is it a good time to buy RDVT stock, according to Wall Street analysts?
Out of 1 Equities analysts who monitor RDVT, the consensus analyst rating on Red Violet is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Red Violet stock forecast page.
RDVT Momentum
RDVT Revenue
Last year, RDVT earnings were $13.53M. During the past two year, RDVT's earnings have grown by 340.45% per year. This was faster than the Software - Application industry average of 31%.
Last year, RDVT revenue was $60.20M. During the last 5 year, RDVT's revenue has increased by 29.86% per year. This was faster than the Software - Application industry average of 27.72%.
Dive into RDVT's earnings and revenue performance here.
Are RDVT insiders buying or selling the stock?
In the last 12 months, insiders at RDVT have sold more shares than they have bought.
William Paul Livek, Director of RDVT, was the latest RDVT insider to buy. They bought $90,137.89 worth of RDVT shares on Jan 12, 2024.
Research more about who owns RDVT shares here.
Does RDVT provide a stable income stream?
No, Red Violet doesn't provide an income stream by paying out dividends.
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Step 5: Make your RDVT trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your RDVT investment
Now that you own some RDVT stock, you'll want to stay up-to-date on your new investment.
Create a watchlist to get the latest updates about your RDVT stock.
RDVT Feed
How to Buy Stock in Red Violet
To reiterate, here are the 6 steps to buy stock in Red Violet:
- Figure out where to buy Red Violet stock
- Open your brokerage account
- Put funds into your brokerage account
- Evaluate Red Violet stock
- Make your RDVT trade
- Keep an eye on your RDVT investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Red Violet, create a watchlist on WallStreetZen today.
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