The Real Brokerage Inc. (NASDAQ: REAX) on Friday, soared 9.72% from the previous trading day, before settling in for the closing price of $6.07. Within the past 52 weeks, REAX’s price has moved between $1.28 and $6.64.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 186.84%. The company achieved an average annual earnings per share of -13.33%. With a float of $88.36 million, this company’s outstanding shares have now reached $183.60 million.
Let’s determine the extent of company efficiency that accounts for 164 employees. In terms of profitability, gross margin is 9.17%, operating margin of -2.38%, and the pretax margin is -3.53%.
The Real Brokerage Inc. (REAX) Breakdown of a Key Holders of the stock
Observing investor behavior towards Real Estate Services industry stocks is more important than anything else. The insider ownership of The Real Brokerage Inc. is 53.32%, while institutional ownership is 10.29%. The most recent insider transaction that took place on Aug 22 ’24, was worth 182,724. Before that another transaction happened on Aug 20 ’24, when Company’s Officer proposed sale 26,220 for $6.40, making the entire transaction worth $167,808.
The Real Brokerage Inc. (REAX) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.02 earnings per share (EPS) for the period topping the consensus outlook (set at -0.03) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
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 1.34. Likewise, its price to free cash flow for the trailing twelve months is 39.25.
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)
Looking closely at The Real Brokerage Inc. (NASDAQ: REAX), its last 5-days average volume was 1.09 million, which is a jump from its year-to-date volume of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 63.38%. Additionally, its Average True Range was 0.38.
During the past 100 days, The Real Brokerage Inc.’s (REAX) raw stochastic average was set at 97.59%, which indicates a significant increase from 94.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.45% in the past 14 days, which was lower than the 69.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.23, while its 200-day Moving Average is $3.52. However, in the short run, The Real Brokerage Inc.’s stock first resistance to watch stands at $6.91. Second resistance stands at $7.17. The third major resistance level sits at $7.58. If the price goes on to break the first support level at $6.24, it is likely to go to the next support level at $5.83. Now, if the price goes above the second support level, the third support stands at $5.57.
The Real Brokerage Inc. (NASDAQ: REAX) Key Stats
Market capitalization of the company is 1.26 billion based on 183,606K outstanding shares. Right now, sales total 689,160 K and income totals -27,500 K. The company made 340,780 K in profit during its latest quarter, and -1,220 K in sales during its previous quarter.
