The stock price of RE/MAX Holdings Inc (NYSE: RMAX) has jumped by 9.12 compared to previous close of 8.00. Despite this, the company has seen a gain of 21.93% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-03 that RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Andy Schulz – Senior Vice President-Investor Relations Erik Carlson – Chief Executive Officer Karri Callahan – Chief Financial Officer Amy Lessinger – President, RE/MAX, LLC Conference Call Participants Soham Bhonsle – BTIG Ryan McKeveny – Zelman & Associates Ronald Kamdem – Morgan Stanley Tommy McJoynt – KBW John Campbell – Stephens Operator Good morning and welcome to the RE/MAX Holdings First Quarter 2024 Earnings Conference Call and Webcast. My name is Brianna and I will be facilitating the audio portion of today’s call.
Is It Worth Investing in RE/MAX Holdings Inc (NYSE: RMAX) Right Now?
RMAX has 36-month beta value of 1.35. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for RMAX is 16.10M, and currently, short sellers hold a 8.03% ratio of that float. The average trading volume of RMAX on May 10, 2024 was 337.25K shares.
RMAX’s Market Performance
RMAX’s stock has seen a 21.93% increase for the week, with a 13.38% rise in the past month and a -12.26% fall in the past quarter. The volatility ratio for the week is 8.68%, and the volatility levels for the past 30 days are at 5.59% for RE/MAX Holdings Inc The simple moving average for the past 20 days is 18.61% for RMAX’s stock, with a -23.82% simple moving average for the past 200 days.
Analysts’ Opinion of RMAX
Many brokerage firms have already submitted their reports for RMAX stocks, with JP Morgan repeating the rating for RMAX by listing it as a “Underweight.” The predicted price for RMAX in the upcoming period, according to JP Morgan is $14 based on the research report published on December 18, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see RMAX reach a price target of $9, previously predicting the price at $19.50. The rating they have provided for RMAX stocks is “Underweight” according to the report published on November 07th, 2023.
RMAX Trading at 11.83% from the 50-Day Moving Average
After a stumble in the market that brought RMAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.37% of loss for the given period.
Volatility was left at 5.59%, however, over the last 30 days, the volatility rate increased by 8.68%, as shares surge +10.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.99% upper at present.
During the last 5 trading sessions, RMAX rose by +21.93%, which changed the moving average for the period of 200-days by -56.57% in comparison to the 20-day moving average, which settled at $7.40. In addition, RE/MAX Holdings Inc saw -34.51% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RMAX starting from Peterson Adam K, who purchase 54,000 shares at the price of $7.64 back on Mar 18 ’24. After this action, Peterson Adam K now owns 3,037,843 shares of RE/MAX Holdings Inc, valued at $412,560 using the latest closing price.
Winders Susan L, the EVP, GENERAL COUNSEL of RE/MAX Holdings Inc, sale 4,299 shares at $8.42 during a trade that took place back on Mar 14 ’24, which means that Winders Susan L is holding 108,251 shares at $36,198 based on the most recent closing price.
Stock Fundamentals for RMAX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.69 for the gross margin
The net margin for RE/MAX Holdings Inc stands at -0.23. The total capital return value is set at 0.01. Equity return is now at value -16.16, with -11.57 for asset returns.
Based on RE/MAX Holdings Inc (RMAX), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.1. The interest coverage ratio of the stock is 0.32.
Currently, EBITDA for the company is 95.56 million with net debt to EBITDA at -5.68. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 9.05for trailing twelve months and the total asset turnover is 0.56.
Conclusion
To put it simply, RE/MAX Holdings Inc (RMAX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
