3 Things the Smartest Investors Know About Redfin
To say that shares of Redfin (NASDAQ: RDFN) have been on a wild roller-coaster ride in recent years would be pretty accurate. Right now, the stock is trading 95% below the all-time high it hit in February 2021. And at one point in mid-July 2023, the shares were up 291% year to date, but have slumped by 70% from that 52-week high.
Shares are currently trading at a beaten-down price-to-sales multiple of just 0.25. That's significantly cheaper than the company's historical average ratio of 3.2.
Before you rush out to buy this stock, here are three things the smartest investors know about this tech-focused real estate enterprise.
Source Fool.com
