Reliance Global Group Inc (NASDAQ: RELI) is -65.24% lower on its value in year-to-date trading and has touched a low of $0.97 and a high of $5.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RELI stock was last observed hovering at around $1.73 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $1.62, the stock is -10.57% and 13.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -6.36% at the moment leaves the stock -5.95% off its SMA200. RELI registered -37.21% loss for a year compared to 6-month loss of -37.45%. The firm has a 50-day simple moving average (SMA 50) of $1.42882 and a 200-day simple moving average (SMA200) of $1.72243.
The stock witnessed a 20.00% gain in the last 1 month and extending the period to 3 months gives it a 30.65%, and is -32.22% 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 10.56% over the week and 17.54% over the month.
Reliance Global Group Inc (RELI) has around 64 employees, a market worth around $5.02M and $14.21M in sales. Profit margin for the company is -38.44%. Distance from 52-week low is 67.06% and -68.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.35%).
11.0 institutions hold shares in Reliance Global Group Inc (RELI), with institutional investors hold 2.31% of the company’s shares. The shares outstanding are 2.97M, and float is at 2.32M with Short Float at 0.72%. Institutions hold 1.90% of the Float.
Reliance Global Group Inc (RELI) Insider Activity
The most recent transaction is an insider sale by Markovits Joel, the company’s Chief Financial Officer. SEC filings show that Markovits Joel sold 10,603 shares of the company’s common stock on Nov 22 ’24 at a price of $1.37 per share for a total of $14569.0. Following the sale, the insider now owns 197.0 shares.
Reliance Global Group Inc disclosed in a document filed with the SEC on Dec 23 ’24 that Beyman Yaakov (Exec VP, Insurance Division) sold a total of 3,001 shares of the company’s common stock. The trade occurred on Dec 23 ’24 and was made at $3.80 per share for $11407.0. Following the transaction, the insider now directly holds 6667.0 shares of the RELI stock.
Still, SEC filings show that on Dec 23 ’24, Blumenfrucht Alex (Director) disposed off 5,236 shares at an average price of $3.69 for $19321.0. The insider now directly holds 484 shares of Reliance Global Group Inc (RELI).
