RE/MAX Holdings Inc (NYSE:RMAX) shares, rose in value on Friday, November 22, with the stock price up by 13.95% to the previous day’s close as strong demand from buyers drove the stock to $13.23.
Actively observing the price movement in the last trading, the stock closed the session at $11.61, falling within a range of $11.615 and $13.38. The value of beta (5-year monthly) was 1.359. Referring to stock’s 52-week performance, its high was $13.70, and the low was $6.94. On the whole, RMAX has fluctuated by 10.71% over the past month.
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With the market capitalization of RE/MAX Holdings Inc currently standing at about $415.84 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 310.32M, with a low estimate of 72.76M and a high estimate of 77.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 74.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RMAX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RMAX currently trading nearly 10.98% and 9.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.47, while the 7-day volatility ratio is showing 6.11% which for the 30-day chart, stands at 5.36%. Furthermore, RE/MAX Holdings Inc (RMAX)’s beta value is 1.32, and its average true range (ATR) is 0.64.
A comparison of RE/MAX Holdings Inc (RMAX) with its peers suggests the former has fared considerably weaker in the market. RMAX showed an intraday change of 13.95% in last session, and over the past year, it grew by 44.75%%.
Data on historical trading for RE/MAX Holdings Inc (NYSE:RMAX) indicates that the trading volumes over the past 10 days have averaged 0.2 and over the past 3 months, they’ve averaged 244.09K. According to company’s latest data on outstanding shares, there are 18.27 million shares outstanding.
Nearly 10.65% of RE/MAX Holdings Inc’s shares belong to company insiders and institutional investors own 83.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.69 million shares as on 2024-10-31, resulting in a short ratio of 3.22. According to the data, the short interest in RE/MAX Holdings Inc (RMAX) stood at 471.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.54 million. The stock has fallen by -0.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RMAX stock heading into the next quarter.