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.