The Real Brokerage Inc (NASDAQ:REAX) price on Friday, December 27, fall -1.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.73.
A look at the stock’s price movement, the close in the last trading session was $4.82, moving within a range at $4.68 and $4.9. The beta value (5-Year monthly) was 1.518. Turning to its 52-week performance, $6.75 and $1.51 were the 52-week high and 52-week low respectively. Overall, REAX moved -12.24% over the past month.
The Real Brokerage Inc’s market cap currently stands at around $943.63 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 299.38M for the company’s revenue for the quarter, with a low and high estimate of 286.66M and 309.79M respectively. The average forecast suggests up to a 65.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.21B, representing a 76.07% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that REAX is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
REAX’s current price about -5.90% and -9.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.44, while 7-day volatility ratio is 5.29% and 5.08% in the 30-day chart. Further, The Real Brokerage Inc (REAX) has a beta value of 1.46, and an average true range (ATR) of 0.26.
If we refocus on The Real Brokerage Inc (NASDAQ:REAX), historical trading data shows that trading volumes averaged 0.84 over the past 10 days and 728.40K over the past 3 months. The company’s latest data on shares outstanding shows there are 197.74 million shares.
The 49.65% of The Real Brokerage Inc’s shares are in the hands of company insiders while institutional holders own 14.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.67 million on 2024-11-29, giving us a short ratio of 3.03. Current price change has pushed the stock 195.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the REAX stock continues to rise going into the next quarter.
