The Real Brokerage Inc (NASDAQ: REAX) is 239.37% higher on its value in year-to-date trading and has touched a low of $1.28 and a high of $6.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REAX stock was last observed hovering at around $5.24 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $5.43, the stock is 0.85% and 0.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 3.63% at the moment leaves the stock 13.24% off its SMA200. REAX registered 299.26% gain for a year compared to 6-month gain of 19.60%. The firm has a 50-day simple moving average (SMA 50) of $5.383 and a 200-day simple moving average (SMA200) of $4.782575.
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The stock witnessed a -0.91% loss in the last 1 month and extending the period to 3 months gives it a -0.73%, and is 1.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 6.14% over the month.
The Real Brokerage Inc (REAX) has around 164 employees, a market worth around $1.08B and $1.10B in sales. Profit margin for the company is -2.91%. Distance from 52-week low is 324.22% and -19.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-106.91%).
The EPS is expected to shrink by 0.00% this year
175.0 institutions hold shares in The Real Brokerage Inc (REAX), with institutional investors hold 56.67% of the company’s shares. The shares outstanding are 197.74M, and float is at 99.40M with Short Float at 2.65%. Institutions hold 44.60% of the Float.
The top institutional shareholder in the company is INSIGHT HOLDINGS GROUP, LLC with over 34.57 million shares valued at $140.37 million. The investor’s holdings represent 18.7197 of the REAX Shares outstanding. As of 2024-06-30, the second largest holder is MAGMA VENTURE PARTNERS GENERAL PARTNER LTD. with 23.68 million shares valued at $96.14 million to account for 12.8217 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.0 million shares representing 2.7049 and valued at over $20.28 million, while AWM INVESTMENT COMPANY, INC. holds 1.2401 of the shares totaling 2.29 million with a market value of $9.3 million.
The Real Brokerage Inc (REAX) Insider Activity
Still, SEC filings show that on Nov 18 ’24, Gamzu Guy (Director) Proposed Sale 249,999 shares at an average price of $4.95 for $1.24 million. The insider now directly holds shares of The Real Brokerage Inc (REAX).
