Why Riskified Stock Jumped Today [Yahoo! Finance]
Riskified Ltd. Class A Ordinary Shares (RSKD)
Company Research
Source: Yahoo! Finance
As of 3:10 p.m. ET today, the stock was up 14%. A marginal improvement Riskified's software helps companies detect a more-accurate number of fraudulent purchases, boosting sales and lowering charge-backs, in theory. In the first quarter, the company's merchandise volume was up 17% year over year, and its revenue was up 11%. That's not bad, but the bigger deal is that its profitability is up. Riskified has used artificial-intelligence (AI) software since before it was cool. But how are investors to know how effective it is? Well, the best thing to watch is the company's gross margin. When the company's software messes up and approves a bad transaction, Riskified eats the expense. This reduces its gross profit. The good news for investors is that the company's first-quarter gross margin was up to 55%, which was a meaningful improvement from 52% in the same quarter of last year. Therefore, it seems that its AI improved over the last year. This improvement boosted overall profit
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News
- Riskified Ltd. (NYSE: RSKD) was upgraded by analysts at DA Davidson to a "hold" rating.MarketBeat
- Riskified Ltd. (RSKD): This AI Stock Could Go Parabolic According to Financial Media [Yahoo! Finance]Yahoo! Finance
- Riskified to Attend Upcoming ConferencesBusiness Wire
- Riskified Ltd. (NYSE: RSKD) had its price target raised by analysts at JPMorgan Chase & Co. from $6.00 to $7.00. They now have a "neutral" rating on the stock.MarketBeat
- Riskified Second Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
RSKD
Earnings
- 8/14/24 - Beat
RSKD
Sec Filings
- 9/27/24 - Form 144
- 8/19/24 - Form 144
- 8/15/24 - Form 6-K
- RSKD's page on the SEC website