(RDVT) Red Violet - Ratings and Ratios

Red Violet, Inc. is a data analytics powerhouse that leverages its proprietary technologies to deliver high-value identity intelligence solutions in the US market. By harnessing the power of advanced analytics, the company provides actionable insights that help organizations across various industries, including financial services, insurance, healthcare, and government agencies, to name a few, to tackle complex challenges, such as risk mitigation, identity authentication, and regulatory compliance.

The companys flagship product, idiCORE, is a robust investigative solution that enables clients to address a wide range of organizational challenges, from due diligence and fraud detection to customer acquisition and regulatory compliance. Additionally, FOREWARN, an app-based solution, provides real-time insights to professionals, empowering them to make informed decisions and mitigate risk before engaging with consumers.

Red Violets go-to-market strategy involves a multi-channel approach, partnering with value-added distributors, resellers, and strategic partners, as well as leveraging trade shows, seminars, and digital marketing to reach prospective customers. The companys focus on delivering high-quality products and services has enabled it to establish a strong presence in the market, serving a diverse client base across various industries.

From a technical analysis perspective, RDVTs stock has shown a strong upward trend, with its 20-day SMA at $47.48 and 50-day SMA at $44.31, indicating a potential bullish momentum. The stocks current price is $49.29, near its 52-week high of $50.11. Using historical data and technical indicators, a forecast suggests that RDVT may continue its upward trajectory, potentially reaching $55-$60 in the near term, driven by its strong fundamentals and growth prospects.

Fundamentally, Red Violets market capitalization stands at $660.67M, with a P/E ratio of 76.35, indicating a relatively high valuation. However, the companys return on equity (RoE) of 9.67% suggests a strong ability to generate profits from shareholder equity. As the company continues to expand its product offerings and penetrate new markets, its growth prospects are likely to drive long-term value creation for shareholders. A comprehensive analysis of the companys fundamental data and technical indicators suggests a potential target price range of $65-$75 in the next 6-12 months.