The stock price of Reliance Global Group Inc (NASDAQ: RELI) has dropped by -5.77 compared to previous close of 2.60. Despite this, the company has seen a fall of -10.58% in its stock price over the last five trading days. globenewswire.com reported 2024-09-09 that Cash required to close reduced by over $2 million Acquisition remains on track – anticipated to close in the second half of 2024 LAKEWOOD, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction.
Is It Worth Investing in Reliance Global Group Inc (NASDAQ: RELI) Right Now?
The stock has a 36-month beta value of 0.34. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RELI is 1.15M, and at present, short sellers hold a 2.48% of that float. On September 20, 2024, the average trading volume of RELI was 291.16K shares.
RELI’s Market Performance
RELI’s stock has seen a -10.58% decrease for the week, with a -13.12% drop in the past month and a -76.14% fall in the past quarter. The volatility ratio for the week is 9.99%, and the volatility levels for the past 30 days are at 8.69% for Reliance Global Group Inc The simple moving average for the past 20 days is -11.16% for RELI’s stock, with a -58.73% simple moving average for the past 200 days.
RELI Trading at -22.47% 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 -94.46% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 9.99%, as shares sank -7.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.66% lower at present.
During the last 5 trading sessions, RELI fell by -10.58%, which changed the moving average for the period of 200-days by -78.27% in comparison to the 20-day moving average, which settled at $2.75. In addition, Reliance Global Group Inc saw -73.16% 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 Markovits Joel, who sale 27,000 shares at the price of $0.70 back on Jun 18 ’24. After this action, Markovits Joel now owns 184,338 shares of Reliance Global Group Inc, valued at $18,976 using the latest closing price.
Beyman Ezra, the Chairman and CEO of Reliance Global Group Inc, purchase 30,000 shares at $0.28 during a trade that took place back on Jun 26 ’24, which means that Beyman Ezra is holding 527,100 shares at $8,502 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 1.02. The receivables turnover for the company is 12.42for trailing twelve months and the total asset turnover is 0.76.
Conclusion
To sum up, Reliance Global Group Inc (RELI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
