Reliance Inc (NYSE: RS) is 3.08% higher on its value in year-to-date trading and has touched a low of $256.98 and a high of $342.20 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 RS stock was last observed hovering at around $281.50 in the last trading session, with the day’s loss setting it -3.94%.
Currently trading at $277.56, the stock is -2.84% and -3.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing -1.40% at the moment leaves the stock -4.01% off its SMA200. RS registered -14.62% loss for a year compared to 6-month gain of 0.16%. The firm has a 50-day simple moving average (SMA 50) of $286.952 and a 200-day simple moving average (SMA200) of $289.1659.
The stock witnessed a -8.29% loss in the last 1 month and extending the period to 3 months gives it a -0.90%, and is -1.85% down 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 2.03% over the week and 2.31% over the month.
Reliance Inc (RS) has around 15900 employees, a market worth around $14.70B and $13.84B in sales. Current P/E ratio is 17.98 and Fwd P/E is 14.28. Profit margin for the company is 6.33%. Distance from 52-week low is 8.01% and -18.89% from its 52-week high. The company has generated returns on investments over the last 12 months (10.70%).
with sales reaching $3.44B over the same period.The EPS is expected to grow by 6.65% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to shrink -5.69% in year-over-year returns.
Reliance Inc (RS) Top Institutional Holders
837.0 institutions hold shares in Reliance Inc (RS), with institutional investors hold 86.96% of the company’s shares. The shares outstanding are 53.72M, and float is at 52.60M with Short Float at 2.42%. Institutions hold 86.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.85 million shares valued at $1.96 billion. The investor’s holdings represent 11.9526% of the RS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.41 million shares valued at $1.83 billion to account for 11.1739 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.57 million shares representing 4.4898% and valued at over $735.27 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 4.2459 of the shares totaling 2.43 million with a market value of $695.32 million.
Reliance Inc (RS) Insider Activity
The most recent transaction is an insider sale by Lewis Karla R, the company’s President, CEO. SEC filings show that Lewis Karla R sold 31,136 shares of the company’s common stock on Feb 24 ’25 at a price of $300.52 per share for a total of $9.36 million. Following the sale, the insider now owns 90230.0 shares.
Still, SEC filings show that on Dec 02 ’24, Lewis Karla R (President, CEO) disposed off 3,892 shares at an average price of $323.90 for $1.26 million. The insider now directly holds 85,117 shares of Reliance Inc (RS).
