Red Hat, Inc. (RHT): Analyzing Basic Trading Data

In the past 52-week period, shares of Red Hat, Inc. (NYSE:RHT) have moved within the range of $68.54 to $129.61. On the stock’s most recent trading day, the company’s shares ended the regular session at $121.94, which is 5.92% lower than its 52-week high.

Red Hat, Inc. (RHT) has demonstrated a 20-day simple moving average (SMA) of -2.60%, and a 50-day SMA of 0.80%. This public company’s current market capitalization stands at $21.61 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for Red Hat, Inc. (RHT) is Outperform.

Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Aug. 2017, Red Hat, Inc. (RHT) delivered a 3.42% surprise with its net revenue. Sales reached $0.72 billion during the three-month period, compared to the average analyst estimate of $0.7 billion.

Meanwhile, during the same quarter Red Hat, Inc. (RHT) delivered a 14.74% earnings surprise. Net earnings for the quarter were posted at $0.77 per share, whereas Wall Street had forecast $0.67 per share.

Ownership at Red Hat, Inc. (RHT), According to Most Recent SEC Filings

We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. Red Hat, Inc. (RHT) has 0 billion shares outstanding currently, 95.36% of which belong to institutional investors. Those institutional holdings amount to $20.4 billion.

Additionally, according to the most recent 13F filing from Red Hat, Inc. (RHT), there were 71 new positions totaling 3,207,793 shares of the company’s stock. There were 54 sold out positions, on the other hand, totaling 1,099,347 shares.

Short, Medium and Long Term Indicators

Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. Red Hat, Inc. (RHT) has had a 20-day average volume of 1,468,615 shares, with an average of 40% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 1,462,586 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,502,753 shares with 67% of long-term indicators pointing to Buy.