Now Is The Time To Build A Position In Douglas Elliman Inc (NYSE:DOUG)

In last trading session, Douglas Elliman Inc (NYSE:DOUG) saw 2.39 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $2.24 trading at $0.3 or 15.46% at ring of the bell on the day assigns it a market valuation of $205.70M. That closing price of DOUG’s stock is at a discount of -41.07% from its 52-week high price of $3.16 and is indicating a premium of 55.36% from its 52-week low price of $1.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 million shares which gives us an average trading volume of 1.26 million if we extend that period to 3-months.

For Douglas Elliman Inc (DOUG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.

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Douglas Elliman Inc (NYSE:DOUG) trade information

Upright in the green during last session for gaining 15.46%, in the last five days DOUG remained trading in the green while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $2.24 price level, adding 4.27% to its value on the day. Douglas Elliman Inc’s shares saw a change of -24.07% in year-to-date performance and have moved 19.79% in past 5-day. Douglas Elliman Inc (NYSE:DOUG) showed a performance of 60.00% in past 30-days. Number of shares sold short was 0.99 million shares which calculate 0.7 days to cover the short interests.

Douglas Elliman Inc (DOUG) estimates and forecasts

Statistics highlight that Douglas Elliman Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 24.44% of value to its shares in past 6 months, showing an annual growth rate of -6.00% while that of industry is 4.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.60% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 250.65M for the same. And 2 analysts are in estimates of company making revenue of 236.22M in the next quarter. Company posted 251.55M and 214.14M of sales in current and next quarters respectively a year earlier.

Douglas Elliman Inc (NYSE:DOUG)’s Major holders

Insiders are in possession of 21.41% of company’s total shares while institution are holding 36.72 percent of that, with stock having share float percentage of 46.73%. Investors also watch the number of corporate investors in a company very closely, which is 36.72% institutions for Douglas Elliman Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at DOUG for having 5.63 million shares of worth $8.89 million. And as of 2024-03-31, it was holding 6.3982 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 4.42 million shares on 2024-03-31. The number of shares represents firm’s hold over 5.032 of outstanding shares, having a total worth of $6.99 million.