The Real Brokerage Inc (NASDAQ:REAX) price closed lower on Monday, February 03, and dropping -2.34% below its previous close.
A look at the daily price movement shows that the last close reads $5.12, with intraday deals fluctuated between $4.81 and $5.08. The company’s 5Y monthly beta was ticking 1.518. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.75 and 52-week low of $2.46. The stock added 8.70% on its value in the past month.
The Real Brokerage Inc, which has a market valuation of $997.50 million, is expected to release its quarterly earnings report in March.
On average, analysts have forecast the company’s revenue for the quarter will hit 300.11M, with the likely lows of 286.66M and highs of 312.7M. The average estimate suggests sales growth for the quarter will likely rise by 65.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 1.21B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 76.17% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give REAX a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that REAX’s price is at present 8.50% off the SMA20 and 2.71% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.47, with weekly volatility standing at 4.11%. The indicator jumps to 5.15% when calculated based on the past 30 days. The Real Brokerage Inc (NASDAQ:REAX)’s beta value is holding at 1.50, while the average true range (ATR) indicator is currently reading 0.24.
An analysis of the The Real Brokerage Inc (NASDAQ:REAX) stock in terms of its daily trading volume indicates that the 3-month average is 864.05K. However, this figure increases on the past 10-day timeline to an average of 0.75 million.
Current records show that the company has 197.74M in outstanding shares. The insiders’ percentage holdings are 49.35% of outstanding shares while the percentage share held by institutions stands at 14.44%. The stats also highlight that short interest as of 2025-01-15, stood at 2.98 million shares, which puts the short ratio at the time at 3.32. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 2.35 million. But the 8.70% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
