Reliance Global Group Inc (NASDAQ:RELI) shares, rose in value, with the stock price down by -5.16% to the previous day’s close as strong demand from buyers drove the stock to $1.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.55, falling within a range of $1.46 and $1.5899. The value of beta (5-year monthly) is -0.463. Referring to stock’s 52-week performance, its high was $5.11, and the low was $0.97. On the whole, RELI has fluctuated by 11.36% over the past month.
With the market capitalization of Reliance Global Group Inc currently standing at about $4.55 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Apr-04.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RELI’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 Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RELI currently trading nearly -20.82% and -0.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.99, while the 7-day volatility ratio is showing 7.64% which for the 30-day chart, stands at 17.29%. Furthermore, Reliance Global Group Inc (RELI)’s beta value is -0.30.
A comparison of Reliance Global Group Inc (RELI) with its peers suggests the former has fared considerably weaker in the market. RELI showed an intraday change of -5.16% in today’s session so far, and over the past year, it shrunk by -43.02%%.
Data on historical trading for Reliance Global Group Inc (NASDAQ:RELI) indicates that the trading volumes over the past 10 days have averaged 0.21 and over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 2.97 million shares outstanding.
Nearly 25.23% of Reliance Global Group Inc’s shares belong to company insiders and institutional investors own 1.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16813.0 shares as on 2025-06-13, resulting in a short ratio of 0.39. According to the data, the short interest in Reliance Global Group Inc (RELI) stood at 65.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 38037.0. The stock has fallen by -60.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RELI stock heading into the next quarter.
