The Real Brokerage Inc. (NASDAQ: REAX) on Monday, plunged -3.38% from the previous trading day, before settling in for the closing price of $5.92. Within the past 52 weeks, REAX’s price has moved between $1.28 and $6.20.
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A company in the Real Estate sector has jumped its sales by 186.84% annually for the last half of the decade. The company achieved an average annual earnings per share of -13.33%. With a float of $83.14 million, this company’s outstanding shares have now reached $183.60 million.
In an organization with 164 employees, it is important to assess its efficiency.
The Real Brokerage Inc. (REAX) Insider Updates
Observing investor behavior towards Real Estate Services industry stocks is more important than anything else. The insider ownership of The Real Brokerage Inc. is 53.81%, while institutional ownership is 7.58%. The most recent insider transaction that took place on Aug 23 ’24, was worth 297,500. Before that another transaction happened on Aug 22 ’24, when Company’s Officer proposed sale 200,000 for $5.45, making the entire transaction worth $1,090,000.
The Real Brokerage Inc. (REAX) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -13.33% per share during the next fiscal year.
The Real Brokerage Inc. (NASDAQ: REAX) Trading Performance Indicators
The Real Brokerage Inc. (REAX) is currently performing well based on its current performance indicators. A quick ratio of 1.21 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10. Likewise, its price to free cash flow for the trailing twelve months is 32.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.18, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of The Real Brokerage Inc. (REAX)
Let’s dig in a bit further. During the last 5-days, its volume was 1.56 million. That was better than the volume of 0.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.71%. Additionally, its Average True Range was 0.40.
During the past 100 days, The Real Brokerage Inc.’s (REAX) raw stochastic average was set at 86.09%, which indicates a significant increase from 59.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.30% in the past 14 days, which was lower than the 67.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.92, while its 200-day Moving Average is $3.31. However, in the short run, The Real Brokerage Inc.’s stock first resistance to watch stands at $5.90. Second resistance stands at $6.08. The third major resistance level sits at $6.24. If the price goes on to break the first support level at $5.56, it is likely to go to the next support level at $5.40. Assuming the price breaks the second support level, the third support level stands at $5.22.
The Real Brokerage Inc. (NASDAQ: REAX) Key Stats
Market capitalization of the company is 1.03 billion based on 183,606K outstanding shares. Right now, sales total 689,160 K and income totals -27,500 K. The company made 200,740 K in profit during its latest quarter, and -16,100 K in sales during its previous quarter.
