RE/MAX Holdings Inc (NYSE:RMAX)’s traded shares stood at 0.33 million during the last session, with the company’s beta value hitting 1.35. At the close of trading, the stock’s price was $11.42, to imply an increase of 3.07% or $0.34 in intraday trading. The RMAX share’s 52-week high remains $16.78, putting it -46.94% down since that peak but still an impressive 39.23% since price per share fell to its 52-week low of $6.94. The company has a valuation of $215.38M, with an average of 0.27 million shares in intraday trading volume over the past 10 days and average of 256.70K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for RE/MAX Holdings Inc (RMAX), translating to a mean rating of 3.57. Of 3 analyst(s) looking at the stock, 1 analyst(s) give RMAX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.36.
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RE/MAX Holdings Inc (NYSE:RMAX) trade information
After registering a 3.07% upside in the last session, RE/MAX Holdings Inc (RMAX) has traded red over the past five days. The 5-day price performance for the stock is 11.20%, and 23.86% over 30 days. With these gigs, the year-to-date price performance is -14.33%. Short interest in RE/MAX Holdings Inc (NYSE:RMAX) saw shorts transact 0.78 million shares and set a 3.13 days time to cover.
The extremes give us $7 and $34 for target low and target high price respectively. As such, RMAX has been trading -197.72% off suggested target high and 38.7% from its likely low.
RE/MAX Holdings Inc (RMAX) estimates and forecasts
Looking at statistics comparing RE/MAX Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. RE/MAX Holdings Inc (RMAX) shares are 30.81% up over the last 6 months, with its year-to-date growth rate lower than industry average at -8.09% against 4.20%. The rating firms project that company’s revenue will shrink -4.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 77.82M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 75.6M.
RMAX Dividends
RE/MAX Holdings Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 4.0%.
RE/MAX Holdings Inc (NYSE:RMAX)’s Major holders
RE/MAX Holdings Inc insiders hold 12.38% of total outstanding shares, with institutional holders owning 85.99% of the shares at 98.14% float percentage. In total, 85.99% institutions holds shares in the company, led by MAGNOLIA GROUP, LLC. As of 2024-06-30, the company held over 3.12 million shares (or 16.9039% of shares), all amounting to roughly $25.31 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.4 million shares, or about 7.5589% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.32 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the RE/MAX Holdings Inc (RMAX) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 520.12 shares. This is just over 2.76% of the total shares, with a market valuation of $5.94 million. Data from the same date shows that the other fund manager holds a little less at 438.33, or 2.32% of the shares, all valued at about 5.01 million.
