Short Term and Long Term gains on $RDFN
Redfin is a technology-driven real estate brokerage service that engages in buying and selling homes through their app.
Their customer base has risen 23% From 2019 Q3 to 2020 Q3. They have increased their customer base during Covid-19!
Redfin holds 1.04% of the entire US Housing Market currently.
A bearish piece of news about Redfin is they had to undergo furlough of their employees due to Covid-19.
With net debt at a negative, they own mostly equity as part of their assets and have free cashflow of 75M.
Earnings are next week, and it is possible that Redfin beats its target estimate and sees more growth than Q3 earnings.
Currently Redfin is due for a pullback, followed by a whole new run.
Their customer base has risen 23% From 2019 Q3 to 2020 Q3. They have increased their customer base during Covid-19!
Redfin holds 1.04% of the entire US Housing Market currently.
A bearish piece of news about Redfin is they had to undergo furlough of their employees due to Covid-19.
With net debt at a negative, they own mostly equity as part of their assets and have free cashflow of 75M.
Earnings are next week, and it is possible that Redfin beats its target estimate and sees more growth than Q3 earnings.
Currently Redfin is due for a pullback, followed by a whole new run.
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