On Tuesday, The Real Brokerage Inc. (NASDAQ: REAX) opened lower -4.82% from the last session, before settling in for the closing price of $6.23. Price fluctuations for REAX have ranged from $1.28 to $6.75 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 186.84% over the past five years. Company’s average yearly earnings per share was noted -13.33% at the time writing. With a float of $91.90 million, this company’s outstanding shares have now reached $183.60 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider Updates
A key investor’s attitude towards the stock of the Real Estate Services industry is another important factor to consider. The insider ownership of The Real Brokerage Inc. is 52.97%, while institutional ownership is 9.98%. The most recent insider transaction that took place on Aug 30 ’24, was worth 187,353. Before that another transaction happened on Sep 10 ’24, when Company’s Officer proposed sale 500,000 for $6.66, making the entire transaction worth $3,330,000.
The Real Brokerage Inc. (REAX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.02 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for The Real Brokerage Inc. (REAX). In the past quarter, the stock posted a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.24. Likewise, its price to free cash flow for the trailing twelve months is 36.07.
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)
The Real Brokerage Inc. (NASDAQ: REAX) saw its 5-day average volume 0.73 million, a negative change from its year-to-date volume of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 19.31%. Additionally, its Average True Range was 0.34.
During the past 100 days, The Real Brokerage Inc.’s (REAX) raw stochastic average was set at 78.02%, which indicates a significant increase from 16.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.06% in the past 14 days, which was lower than the 65.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.52, while its 200-day Moving Average is $3.67. Nevertheless, the first resistance level for the watch stands at $6.16 in the near term. At $6.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.51. If the price goes on to break the first support level at $5.81, it is likely to go to the next support level at $5.68. Assuming the price breaks the second support level, the third support level stands at $5.46.
The Real Brokerage Inc. (NASDAQ: REAX) Key Stats
There are currently 183,606K shares outstanding in the company with a market cap of 1.16 billion. Presently, the company’s annual sales total 689,160 K according to its annual income of -27,500 K. Last quarter, the company’s sales amounted to 340,780 K and its income totaled -1,220 K.
