In the last trading session, 1.2 million shares of the Douglas Elliman Inc (NYSE:DOUG) were traded, and its beta was 1.44. Most recently the company’s share price was $1.41, and it changed around -$0.02 or -1.40% from the last close, which brings the market valuation of the company to $129.07M. DOUG currently trades at a discount to its 52-week high of $3.24, offering almost -129.79% off that amount. The share price’s 52-week low was $1.42, which indicates that the current value has fallen by an impressive -0.71% since then. We note from Douglas Elliman Inc’s average daily trading volume that its 10-day average is 0.89 million shares, with the 3-month average coming to 844.72K.
Douglas Elliman Inc (NYSE:DOUG) trade information
Instantly DOUG has showed a red trend with a performance of -1.40% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -52.20% year-to-date, but still down -10.76% over the last five days. On the other hand, Douglas Elliman Inc (NYSE:DOUG) is -22.95% down in the 30-day period. We can see from the shorts that 0.99 million shares have been sold at a short interest cover period of 1.09 day(s).
Douglas Elliman Inc (DOUG) estimates and forecasts
Douglas Elliman Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -37.61 percent over the past six months and at a 126.00% annual growth rate that is well above the industry average of 8.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 73.90% in revenue this quarter, and will report an increase of 166.70% in the next quarter. The year-over-year growth rate is expected to be 16.20%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $243.15 million in revenue for the current quarter. 2 analysts expect Douglas Elliman Inc to make $305.79 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $213.98 million and $242.06 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.60%. Forecasts for the next quarter put sales growth at 26.30%.
DOUG Dividends
Douglas Elliman Inc’s next quarterly earnings report is expected to be released in May.
Douglas Elliman Inc (NYSE:DOUG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.44% of Douglas Elliman Inc shares, and 53.08% of them are in the hands of institutional investors. The stock currently has a share float of 66.72%. Douglas Elliman Inc stock is held by 204 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 8.19% of the shares, which is about 7.26 million shares worth $16.11 million.
Blackrock Inc., with 6.21% or 5.5 million shares worth $12.21 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Smallcap World Fund and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 4.22 million shares worth $9.36 million, making up 4.76% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 3.16 million shares worth around $6.98 million, which represents about 3.56% of the total shares outstanding.
