Reliance Global Group Inc (NASDAQ: RELI) Is Becoming An Interest-Losing Stock With A 11.42% Incline

In the latest trading session, 0.74 million Reliance Global Group Inc (NASDAQ:RELI) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $2.44 changing hands around $0.25 or 11.42% at last look, the market valuation stands at $3.03M. RELI’s current price is a discount, trading about -1690.57% off its 52-week high of $43.69. The share price had its 52-week low at $2.12, which suggests the last value was 13.11% up since then. When we look at Reliance Global Group Inc’s average trading volume, we note the 10-day average is 0.21 million shares, with the 3-month average coming to 144.18K.

Reliance Global Group Inc (NASDAQ:RELI) trade information

Instantly RELI is in green as seen in intraday trades today. With action 2.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -73.27%, with the 5-day performance at 2.09% in the green. However, in the 30-day time frame, Reliance Global Group Inc (NASDAQ:RELI) is -13.17% down. Looking at the short shares, we see there were 22706.0 shares sold at short interest cover period of 0.44 days.

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Reliance Global Group Inc (RELI) estimates and forecasts

Year-over-year growth is forecast to reach -18.00% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 3.6M. 1 analysts are of the opinion that Reliance Global Group Inc’s revenue for the current quarter will be 3.5M. The company’s revenue for the corresponding quarters a year ago was 4.21M and 4.15M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -14.40%. The estimates for the next quarter sales put growth at -15.70%.

RELI Dividends

Reliance Global Group Inc is expected to release its next quarterly earnings report on 2024-Apr-04.

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

If we look at who the major shareholders are, we find that insiders hold 6.91% of Reliance Global Group Inc shares while 2.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.52%.