Over the past month, shares of Red Hat, Inc. (NYSE:RHT) have moved upward, providing investors with a good bump. Shares of the company have been up 13.37% for the past month. Over the past five trading days, shares are changed 3.19%. Year to date, the stock has performed -10.53%. With increased volatility in the markets, shareholders may be deciding whether now is a good time to take some profits.
Wall Street analysts are still seeing some upside to the stock despite the recent move. Sell-side firms, on a consensus basis have a 2 recommendation, according to First Call. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell.
Red Hat, Inc. (NYSE:RHT) has posted trailing 12 months earnings of $1.04 per share. The company has seen a change of 2.20% earnings per share this year. Analysts are predicting17.60% for the company next year. The firm is yielding 5.10% return on assets and 14.50% return on equity.
In taking a look at technical levels, shares are trading 6.63% away from the 50 day simple moving average and -1.85% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -12.26% away from it’s 52- week high and 24.33% away from its 52 week low. After the recent increase, investors may also look to see if the stock has entered overbought territory and could possibly ripe for a pullback. Traditionally a stock is considered to be overbought when the Relative Strength Index moves above 70. As of writing, Red Hat, Inc.’s RSI stands at 65.9 . In looking at volatility levels, the shares saw weekly volatility of 1.82% and 2.46% over the past month.