Reliance Global Group Inc (RELI) went up 3.64% yesterday: Is this the Most Sought-After Stock Today?

Reliance Global Group Inc (NASDAQ: RELI) started the day on Wednesday, with a price increase of 3.64% at $0.37, before settling in for the price of $0.36 at the close. Taking a more long-term approach, RELI posted a 52-week range of $0.32-$5.20.

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Meanwhile, its Annual Earning per share during the time was 67.43%. This publicly-traded company’s shares outstanding now amounts to $4.78 million, simultaneously with a float of $3.87 million. The organization now has a market capitalization sitting at $1.77 million. At the time of writing, stock’s 50-day Moving Average stood at $0.4333, while the 200-day Moving Average is $1.7604.

Reliance Global Group Inc (RELI) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Insurance Brokers Industry. Reliance Global Group Inc’s current insider ownership accounts for 19.16%, in contrast to 6.96% institutional ownership.

Reliance Global Group Inc (RELI) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 3/30/2023, the organization reported $1.92 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.84) by $2.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

Reliance Global Group Inc (NASDAQ: RELI) Trading Performance Indicators

Let’s observe the current performance indicators for Reliance Global Group Inc (RELI). The Stock has managed to achieve an average true range (ATR) of 0.05. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.12.

In the same vein, RELI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -17.57.

Technical Analysis of Reliance Global Group Inc (RELI)

If we take a close look at the recent performances of Reliance Global Group Inc (NASDAQ: RELI), its last 5-days Average volume was 1.16 million that shows progress from its year to date volume of 0.24 million. During the previous 9 days, stock’s Stochastic %D was recorded 41.90% While, its Average True Range was 0.0445.

Raw Stochastic average of Reliance Global Group Inc (RELI) in the period of the previous 100 days is set at 4.06%, which indicates a major fall in contrast to 62.53% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 72.78% that was lower than 127.91% volatility it exhibited in the past 100-days period.