Reliance Global Group Inc (NASDAQ: RELI)’s stock price has gone decline by -6.67 in comparison to its previous close of 0.30, however, the company has experienced a 1.78% increase in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-03 that Lakewood, NJ, April 03, 2024 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, April 4, 2024, at 1:00 PM Eastern Time to discuss financial results for the fourth quarter of 2023 and provide a business update.
Is It Worth Investing in Reliance Global Group Inc (NASDAQ: RELI) Right Now?
The 36-month beta value for RELI is at 0.37. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RELI is 4.60M, and currently, shorts hold a 2.11% of that float. The average trading volume for RELI on April 26, 2024 was 1.05M shares.
RELI’s Market Performance
The stock of Reliance Global Group Inc (RELI) has seen a 1.78% increase in the past week, with a -20.76% drop in the past month, and a -42.15% fall in the past quarter. The volatility ratio for the week is 8.02%, and the volatility levels for the past 30 days are at 16.14% for RELI. The simple moving average for the past 20 days is -19.10% for RELI’s stock, with a -80.50% simple moving average for the past 200 days.
RELI Trading at -29.29% from the 50-Day Moving Average
After a stumble in the market that brought RELI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.62% of loss for the given period.
Volatility was left at 16.14%, however, over the last 30 days, the volatility rate increased by 8.02%, as shares sank -16.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.09% lower at present.
During the last 5 trading sessions, RELI rose by +1.78%, which changed the moving average for the period of 200-days by -94.07% in comparison to the 20-day moving average, which settled at $0.3434. In addition, Reliance Global Group Inc saw -47.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RELI
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.3 for the gross margin
The net margin for Reliance Global Group Inc stands at -0.59. The total capital return value is set at -0.17. Equity return is now at value -123.46, with -32.27 for asset returns.
Based on Reliance Global Group Inc (RELI), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 1.98. The interest coverage ratio of the stock is -1.56.
Currently, EBITDA for the company is 3.54 million with net debt to EBITDA at -2.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 10.51for trailing twelve months and the total asset turnover is 0.6.
Conclusion
In conclusion, Reliance Global Group Inc (RELI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
