Reliance Global Group Inc (NASDAQ: RELI) Is Down -4.15% In A Month. Could There Be Any Hope That It Will Rise Soon?

During the last session, Reliance Global Group Inc (NASDAQ:RELI)’s traded shares were 0.54 million, with the beta value of the company hitting 0.34. At the end of the trading day, the stock’s price was $2.54, reflecting an intraday gain of 3.67% or $0.09. The 52-week high for the RELI share is $44.20, that puts it down -1640.16 from that peak though still a striking 16.54% gain since the share price plummeted to a 52-week low of $2.12. The company’s market capitalization is $3.15M, and the average intraday trading volume over the past 10 days was 0.16 million shares, and the average trade volume was 293.63K shares over the past three months.

Reliance Global Group Inc (NASDAQ:RELI) trade information

Reliance Global Group Inc (RELI) registered a 3.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.67% in intraday trading to $2.54, hitting a weekly high. The stock’s 5-day price performance is -7.97%, and it has moved by -4.15% in 30 days. Based on these gigs, the overall price performance for the year is -93.85%. The short interest in Reliance Global Group Inc (NASDAQ:RELI) is 28480.0 shares and it means that shorts have 0.62 day(s) to cover.

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Reliance Global Group Inc (RELI) estimates and forecasts

In the rating firms’ projections, revenue will decrease -18.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.6M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.21M and 4.15M respectively. In this case, analysts expect current quarter sales to shrink by -14.40% and then drop by -15.70% in the coming quarter.

RELI Dividends

Reliance Global Group Inc is due to release its next quarterly earnings on 2024-Apr-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Reliance Global Group Inc (NASDAQ:RELI)’s Major holders

Reliance Global Group Inc insiders own 6.91% of total outstanding shares while institutional holders control 2.35%, with the float percentage being 2.52%.