The Real Brokerage Inc. (NASDAQ:REAX) traded at $5.72 at close of the session on current trade day and made a downward move of -3.38% on its previous day’s price.
Looking at the stock we see that its previous close was $5.92 with the day’s price range being $5.58 – $5.92. In terms of its 52-week price range, REAX has a high of $6.20 and a low of $1.28. The company’s stock has gained about 6.12% over that past 30 days.
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The Real Brokerage Inc. has a market cap of $1.03 billion. Estimates by analysts give the company expected earnings per share (EPS) of -0.02, with the EPS growth for the year raised at -0.16 for current year and -0.16 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 346.79M, with a low of 327.54M and a high of 371.13M. The median projection represents growth squeezing down to 61.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.17B, or 69.80% up from figures reported last year.
Looking further, we note the current price level is 0.25% off its SMA20 and 16.75% from its 50-day simple moving average. The RSI (14) is pointing at 56.27 while the volatility over the past week is 10.15% and jumps to 7.00% over the past one month. The beta value is 1.54, while the average true range (ATR) is currently pointing at 0.40.
Coming back to The Real Brokerage Inc. (NASDAQ:REAX), we note that the average 3-month trading volume was 1.05 million, while that of the preceding 10-day period stands at 1.27 million. Current shares outstanding are 183.60 million.
The insiders hold 53.81% of the company’s shares while institutions hold 7.58%. The data shows that short shares as of 2024-07-15, stood at 3.51 million at a short ratio of 0.73. Shares short rose in July from the previous month at 0.65 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 257.50% up in year-to-date price movement.
