The Real Brokerage Inc. (NASDAQ:REAX) Drops -3.87 Percent, But More Could Be Coming.

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In last trading session, The Real Brokerage Inc. (NASDAQ:REAX) saw 0.83 million shares changing hands with its beta currently measuring 1.56. Company’s recent per share price level of $5.47 trading at -$0.22 or -3.87% at ring of the bell on the day assigns it a market valuation of $1.07B. That closing price of REAX’s stock is at a discount of -23.4% from its 52-week high price of $6.75 and is indicating a premium of 76.6% 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 0.96 million shares which gives us an average trading volume of 1.16 million if we extend that period to 3-months.

The Real Brokerage Inc. (NASDAQ:REAX) trade information

Upright in the red during last session for losing -3.87%, in the last five days REAX remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $5.47 price level, adding 14.66% to its value on the day. The Real Brokerage Inc.’s shares saw a change of 241.87% in year-to-date performance and have moved -13.86% in past 5-day. The Real Brokerage Inc. (NASDAQ:REAX) showed a performance of 0.37% in past 30-days. Number of shares sold short was 3.35 million shares which calculate 2.9 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 59.48% of value to its shares in past 6 months, showing an annual growth rate of -20.00% while that of industry is 17.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 40.41 percent of that, with stock having share float percentage of 51.81%. Investors also watch the number of corporate investors in a company very closely, which is 40.41% 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 $140.37 million. And as of 2024-06-30, it was holding 18.7197 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 5.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7049 of outstanding shares, having a total worth of $20.28 million.