The stock of The Real Brokerage Inc. (NASDAQ: REAX) has increased by 1.73 when compared to last closing price of 6.14. Despite this, the company has experienced a 2.39% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-08-20 that TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its July 2024 Agent Survey. The survey revealed a modest decline in agent optimism about the outlook over the next 12 months, along with a year-over-year drop in industry transaction volumes. “July’s survey showed a slight dip in agent optimism as we navigate current market conditions and practice change.
Is It Worth Investing in The Real Brokerage Inc. (NASDAQ: REAX) Right Now?
The 36-month beta value for REAX is also noteworthy at 1.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for REAX is 88.36M, and at present, short sellers hold a 3.75% of that float. The average trading volume of REAX on August 22, 2024 was 1.11M shares.
REAX’s Market Performance
REAX stock saw an increase of 2.39% in the past week, with a monthly gain of 9.01% and a quarterly increase of 30.40%. The volatility ratio for the week is 5.39%, and the volatility levels for the last 30 days are 6.47% for The Real Brokerage Inc. (REAX). The simple moving average for the past 20 days is 6.52% for REAX’s stock, with a 79.91% simple moving average for the past 200 days.
REAX Trading at 21.29% from the 50-Day Moving Average
After a stumble in the market that brought REAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.93% of loss for the given period.
Volatility was left at 6.47%, however, over the last 30 days, the volatility rate increased by 5.39%, as shares surge +10.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.76% upper at present.
During the last 5 trading sessions, REAX rose by +1.80%, which changed the moving average for the period of 200-days by +314.00% in comparison to the 20-day moving average, which settled at $5.89. In addition, The Real Brokerage Inc. saw 290.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REAX starting from PRITESH DAMANI, who proposed sale 26,220 shares at the price of $6.40 back on Aug 20 ’24. After this action, PRITESH DAMANI now owns shares of The Real Brokerage Inc., valued at $167,808 using the latest closing price.
Larry Allan Klane, the Affiliate of The Real Brokerage Inc., proposed sale 400,000 shares at $6.50 during a trade that took place back on Aug 19 ’24, which means that Larry Allan Klane is holding shares at $2,599,000 based on the most recent closing price.
Stock Fundamentals for REAX
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.09 for the gross margin
The net margin for The Real Brokerage Inc. stands at -0.04. The total capital return value is set at -0.72. Equity return is now at value -127.98, with -35.84 for asset returns.
Currently, EBITDA for the company is -24.88 million with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 50.17for trailing twelve months and the total asset turnover is 8.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In summary, The Real Brokerage Inc. (REAX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
