In recent trading session, The Real Brokerage Inc. (NASDAQ:REAX) saw 0.72 million shares changing hands at last check today with its beta currently measuring 1.54. Company’s recent per share price level of $6.08 trading at $0.13 or 2.17% at last check today assigns it a market valuation of $1.09B. That most recent trading price of REAX’s stock is at a discount of -1.97% from its 52-week high price of $6.20 and is indicating a premium of 78.95% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.28 million shares which gives us an average trading volume of 1.07 million if we extend that period to 3-months.
The Real Brokerage Inc. (NASDAQ:REAX) trade information
The Real Brokerage Inc.’s shares saw a change of 279.95% in year-to-date performance and have moved 2.17% in past 5-day. The Real Brokerage Inc. (NASDAQ:REAX) showed a performance of 7.03% in past 30-days. Number of shares sold short was 3.51 million shares which calculate 3.29 days to cover the short interests.
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The Real Brokerage Inc. (REAX) estimates and forecasts
Statistics highlight that The Real Brokerage Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 112.56% of value to its shares in past 6 months, showing an annual growth rate of -13.33% while that of industry is 14.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 69.80% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 346.79M for the same. And 3 analysts are in estimates of company making revenue of 282.2M in the next quarter. Company posted 214.64M and 181.34M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.94% during past 5 years.
The Real Brokerage Inc. (NASDAQ:REAX)’s Major holders
Insiders are in possession of 22.01% of company’s total shares while institution are holding 40.04 percent of that, with stock having share float percentage of 51.34%. Investors also watch the number of corporate investors in a company very closely, which is 40.04% institutions for The Real Brokerage Inc. that are currently holding shares of the company. INSIGHT HOLDINGS GROUP, LLC is the top institutional holder at REAX for having 34.57 million shares of worth $107.87 million. And as of 2024-03-31, it was holding 19.0728 of the company’s outstanding shares.
The second largest institutional holder is AWM INVESTMENT COMPANY, INC., which was holding about 1.7 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.9396 of outstanding shares, having a total worth of $5.31 million.
On the other hand, iShares Russell 2000 ETF and iShares Russell 2000 Growth ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 2.21 shares of worth $13.48 million or 1.21% of the total outstanding shares. The later fund manager was in possession of 834.25 shares on Jun 30, 2024, making its stake of worth around $5.08 million in the company or a holder of 0.45% of company’s stock.
