(RDVT) Red Violet - Ratings and Ratios

Red Violet Inc (NASDAQ:RDVT) is a data analytics firm that leverages proprietary technology to provide identity intelligence solutions, enabling businesses to mitigate risk, prevent fraud, and enhance customer acquisition. Its flagship products, idiCORE and FOREWARN, cater to a diverse range of industries, including financial services, insurance, and healthcare, by offering real-time insights that inform critical decision-making.

The companys solutions are designed to address various organizational challenges, such as due diligence, risk mitigation, and regulatory compliance, making it an attractive partner for businesses seeking to optimize their operations. With a robust marketing strategy that includes partnerships with value-added distributors and resellers, as well as targeted advertising and public relations, Red Violet has established a strong presence in the market.

Analyzing the , we observe that RDVTs stock has demonstrated a strong upward trend, with its last price of $40.47 exceeding its 20-day and 50-day simple moving averages (SMA20 and SMA50) of $37.91 and $37.87, respectively. The stocks 200-day simple moving average (SMA200) stands at $33.57, indicating a significant long-term uptrend. Furthermore, the average true range (ATR) of 1.95 represents a volatility of 4.81%, suggesting moderate price fluctuations.

Combining the with the , we can infer that Red Violets market capitalization of $546.53M and price-to-earnings ratio of 78.42 indicate a relatively high valuation. However, the companys return on equity (RoE) of 8.00% suggests a decent level of profitability. Based on these factors, we forecast that RDVTs stock will continue to experience a moderate uptrend, driven by the companys strong product offerings and expanding market presence. A potential price target could be around $45-$50 in the near term, representing a 10-20% increase from current levels.

To validate this forecast, it is essential to monitor Red Violets future earnings reports, industry trends, and competitive landscape. Any significant deviations from expected performance or changes in market conditions could impact the stocks price trajectory. As such, a continuous analysis of both technical and fundamental data will be necessary to refine our forecast and make informed investment decisions.