RELI has 36-month beta value of 0.32. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RELI is 0.76M, and currently, short sellers hold a 3.14% ratio of that float. The average trading volume of RELI on July 29, 2024 was 669.35K shares.
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RELI) stock’s latest price update
The stock price of Reliance Global Group Inc (NASDAQ: RELI) has dropped by -7.62 compared to previous close of 4.07. Despite this, the company has seen a fall of -2.34% in its stock price over the last five trading days. globenewswire.com reported 2024-07-25 that Spetner Associates Acquisition on Track to Close in Second Half of 2024; Projected to Double Annual Revenue to Approximately $28 Million and Boost AEBITDA
RELI’s Market Performance
RELI’s stock has fallen by -2.34% in the past week, with a monthly drop of -22.42% and a quarterly drop of -21.01%. The volatility ratio for the week is 10.97% while the volatility levels for the last 30 days are 13.53% for Reliance Global Group Inc. The simple moving average for the past 20 days is -5.95% for RELI’s stock, with a -63.45% simple moving average for the past 200 days.
RELI Trading at -18.99% 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 -95.04% of loss for the given period.
Volatility was left at 13.53%, however, over the last 30 days, the volatility rate increased by 10.97%, as shares sank -11.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.35% lower at present.
During the last 5 trading sessions, RELI fell by -2.34%, which changed the moving average for the period of 200-days by -90.26% in comparison to the 20-day moving average, which settled at $3.97. In addition, Reliance Global Group Inc saw -58.81% 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 RELI starting from Beyman Ezra, who purchase 30,000 shares at the price of $0.28 back on Jun 26 ’24. After this action, Beyman Ezra now owns 527,100 shares of Reliance Global Group Inc, valued at $8,502 using the latest closing price.
Markovits Joel, the Chief Financial Officer of Reliance Global Group Inc, sale 27,000 shares at $0.70 during a trade that took place back on Jun 18 ’24, which means that Markovits Joel is holding 184,338 shares at $18,976 based on the most recent closing price.
Stock Fundamentals for RELI
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.47 for the gross margin
The net margin for Reliance Global Group Inc stands at -1.15. The total capital return value is set at -0.19. Equity return is now at value -199.33, with -59.61 for asset returns.
Based on Reliance Global Group Inc (RELI), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 4.58. The interest coverage ratio of the stock is -3.14.
Currently, EBITDA for the company is 3.54 million with net debt to EBITDA at -26.67. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 12.42for trailing twelve months and the total asset turnover is 0.76.
Conclusion
To put it simply, Reliance Global Group Inc (RELI) has had a bad 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.
