The Real Brokerage Inc (NASDAQ: REAX) is 12.30% higher on its value in year-to-date trading and has touched a low of $3.55 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 $4.10 in the last trading session, with the day’s gains setting it 941.91%.
Currently trading at $946.01K, the stock is 3.47% and -0.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 1685968% at the moment leaves the stock -11.50% off its SMA200. REAX registered -6.74% loss for a year compared to 6-month loss of -6.94%. The firm has a 50-day simple moving average (SMA 50) of $4.2986 and a 200-day simple moving average (SMA200) of $4.847275.
The stock witnessed a 3.87% gain in the last 1 month and extending the period to 3 months gives it a -5.09%, and is 8.33% 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 1.96% over the week and 2.23% over the month.
Fwd P/E is 245.14. Profit margin for the company is -1.09%. Distance from 52-week low is 21.02% and -36.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.05%).
The EPS is expected to grow by 85.71% this year
200.0 institutions hold shares in The Real Brokerage Inc (REAX), with institutional investors hold 53.55% of the company’s shares. The shares outstanding are 205.16M, and float is at 110.36M with Short Float at 2.15%. Institutions hold 43.15% 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 18.2885 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 12.5264 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.0 million shares representing 2.6426 and valued at over $20.28 million, while AWM INVESTMENT COMPANY, INC. holds 1.2116 of the shares totaling 2.29 million with a market value of $9.3 million.
