Shares of The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.15 and last traded at $4.96, with a volume of 430162 shares traded. The stock had previously closed at $4.18.
Wall Street Analyst Weigh In
A number of equities analysts have commented on REAX shares. Roth Mkm lifted their price objective on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a "buy" rating in a report on Thursday, January 18th. Jonestrading reaffirmed a "buy" rating and set a $4.00 price objective on shares of Real Brokerage in a research report on Monday, April 8th.
Get Our Latest Stock Analysis on Real Brokerage
Real Brokerage Price Performance
The business has a fifty day moving average of $3.43 and a 200-day moving average of $2.46. The stock has a market capitalization of $956.80 million, a price-to-earnings ratio of -34.86 and a beta of 1.01.
Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The business had revenue of $181.34 million for the quarter, compared to the consensus estimate of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. As a group, research analysts anticipate that The Real Brokerage Inc. will post -0.12 EPS for the current year.
Institutional Trading of Real Brokerage
Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Wealth LLC acquired a new position in shares of Real Brokerage in the fourth quarter worth $448,000. TCI Wealth Advisors Inc. acquired a new position in Real Brokerage during the first quarter valued at approximately $49,000. Finally, Searcy Financial Services Inc. ADV bought a new position in Real Brokerage in the 1st quarter worth $37,000. Institutional investors and hedge funds own 53.28% of the company's stock.
Real Brokerage Company Profile
(
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The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.
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