Reliance Global Group Inc (RELI) Moves -18.65% Lower: These Numbers are Too Good to be True

Reliance Global Group Inc (NASDAQ: RELI) flaunted slowness of -18.65% at $2.53, before settling in for the price of $3.11 at the close. Taking a more long-term approach, RELI posted a 52-week range of $1.17-$18.53.

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In the past 5-years timespan, the Financial sector firm’s annual sales growth was 33.72%. This publicly-traded company’s shares outstanding now amounts to $1.71 million, simultaneously with a float of $1.63 million. The organization now has a market capitalization sitting at $3.52 million. At the time of writing, stock’s 50-day Moving Average stood at $1.85, while the 200-day Moving Average is $3.59.

Reliance Global Group Inc (RELI) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Reliance Global Group Inc industry. Reliance Global Group Inc’s current insider ownership accounts for 5.00%, in contrast to 1.45% institutional ownership. According to the most recent insider trade that took place on Jun 18 ’24, this organization’s Chief Financial Officer sold 27,000 shares at the rate of 0.70, making the entire transaction reach 18,976 in total value, affecting insider ownership by 184,338. Preceding that transaction, on Jun 26 ’24, Company’s Chairman and CEO bought 30,000 for 0.28, making the whole transaction’s value amount to 8,502. This particular insider is now the holder of 527,100 in total.

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 0.44. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.25.

In the same vein, RELI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -84.15.

Technical Analysis of Reliance Global Group Inc (RELI)

Now, what If we examine the latest scores posted by [Reliance Global Group Inc, RELI]. During the last 5-days, its volume was better the volume of 0.67 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 29.66% While, its Average True Range was 0.57.

Raw Stochastic average of Reliance Global Group Inc (RELI) in the period of the previous 100 days is set at 34.43%, which indicates a major rise in contrast to 34.43% 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 416.50% that was higher than 175.37% volatility it exhibited in the past 100-days period.