Now Is The Time To Buy Douglas Elliman Inc (NYSE: DOUG)

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During the last session, Douglas Elliman Inc (NYSE:DOUG)’s traded shares were 0.45 million, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $1.58, reflecting an intraday gain of 1.28% or $0.02. The 52-week high for the DOUG share is $3.16, that puts it down -100.0 from that peak though still a striking 36.71% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $145.09M, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 899.29K shares over the past three months.

Douglas Elliman Inc (DOUG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. DOUG has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.

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Douglas Elliman Inc (NYSE:DOUG) trade information

Douglas Elliman Inc (DOUG) registered a 1.28% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.28% in intraday trading to $1.58, hitting a weekly high. The stock’s 5-day price performance is -4.82%, and it has moved by -17.28% in 30 days. Based on these gigs, the overall price performance for the year is -27.52%. The short interest in Douglas Elliman Inc (NYSE:DOUG) is 1.39 million shares and it means that shorts have 2.36 day(s) to cover.

Douglas Elliman Inc (DOUG) estimates and forecasts

Statistics show that Douglas Elliman Inc has underperformed its competitors in share price, compared to the industry in which it operates. Douglas Elliman Inc (DOUG) shares have gone up 12.06% during the last six months, with a year-to-date growth rate less than the industry average at -10.00% against 8.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 33.30% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 1.00% 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 239.19M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 240.34M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 251.55M and 214.14M respectively. In this case, analysts expect current quarter sales to shrink by -4.90% and then jump by 12.20% in the coming quarter.

While earnings are projected to return -10.00% in 2024.

DOUG Dividends

Douglas Elliman Inc is due to release its next quarterly earnings on 2024-Aug-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Douglas Elliman Inc (NYSE:DOUG)’s Major holders

Douglas Elliman Inc insiders own 21.41% of total outstanding shares while institutional holders control 42.08%, with the float percentage being 53.54%. CLEARLINE CAPITAL LP is the largest shareholder of the company, while 157.0 institutions own stock in it. As of 2024-06-30, the company held over 4.35 million shares (or 5.2153% of all shares), a total value of $5.04 million in shares.

The next largest institutional holding, with 3.76 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 4.5092% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.36 million.