In the last trading session, 1,103,328 eXp World Holdings, Inc. (NASDAQ:EXPI) shares changed hands as the company’s beta touched 2.83. With the company’s per share price at $34.92 changed hands at -$0.93 or -0.03% during last session, the market valuation stood at $5.06 Billion. EXPI’s last price was a discount, traded about -157.73% off its 52-week high of $90. The share price had its 52-week low at $6.59, which suggests the last value was 81.13% up since then. When we look at eXp World Holdings, Inc.’s average trading volume, we note the 10-day average is 961.55 Million shares, with the 3-month average coming to 1.55 Million.
Analysts gave the eXp World Holdings, Inc. (EXPI) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended EXPI as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. eXp World Holdings, Inc.’s EPS for the current quarter is expected to be $0.09.
eXp World Holdings, Inc. (NASDAQ:EXPI) trade information
Although EXPI has turned red as seen at the end of in last trading. With action -2.59%, the performance over the past five days has been red. The jump to weekly highs of $37.66 on Monday, Jun 14 added 7.27% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.11%, with the 5-day performance at -0.02% in the red. However, in the 30-day time frame, eXp World Holdings, Inc. (NASDAQ:EXPI) is 0.24% up. Looking at the short shares, we see there were 7.45 Million shares sold at short interest cover period of 4.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is $61, meaning bulls need an upside of 74.68% from its current market value. According to analyst projections, EXPI’s forecast low is $60 with $62 as the target high. To hit the forecast high, the stock’s price needs a +77.55% upsurge from its current level, while the stock would need to tank 71.82% for it to hit the projected low.
eXp World Holdings, Inc. (EXPI) estimates and forecasts
Data shows that the eXp World Holdings, Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -3.11% over the past 6 months, a 4.76% in annual growth rate that is considerably lower than the industry average of 9.4%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for eXp World Holdings, Inc. will rise +80%, while the growth in revenue is estimated to hit 30% for the next quarter. Year-over-year growth is forecast to reach 63.3% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $728.82 Million. 3 analysts are of the opinion that eXp World Holdings, Inc.’s revenue for the quarter ending September 01, 2021 will be $808.77 Million. The company’s revenue for the corresponding quarters a year ago was $353.52 Million and $564.02 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 106.2%. The estimates for the next quarter sales put growth at 43.4%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 65.6%. The 2021 estimates are for eXp World Holdings, Inc. earnings to increase by 369.9%, but the outlook for the next 5-year period is at 10% per year.
eXp World Holdings, Inc. (NASDAQ:EXPI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 54.88% of eXp World Holdings, Inc. shares while 21.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.11%. There are 296 institutions holding the eXp World Holdings, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 13.93% of the shares, roughly 8.49 Million EXPI shares worth $386.8 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.5% or 3.96 Million shares worth $180.6 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Jan 30, 2021 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 2448792 shares estimated at $130.51 Million under it, the former controlled 4.02% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.92% of the shares, roughly 1.78 Million shares worth around $81Million.