The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 618,998 shares were traded during mid-day trading, an increase of 3% from the previous session's volume of 603,601 shares.The stock last traded at $5.15 and had previously closed at $5.00.
Analyst Ratings Changes
A number of brokerages recently commented on REAX. Jonestrading reiterated a "buy" rating and issued a $4.00 price target on shares of Real Brokerage in a report on Monday, April 8th. Roth Mkm raised their target price 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.
Read Our Latest Research Report on Real Brokerage
Real Brokerage Price Performance
The stock has a market capitalization of $912.54 million, a price-to-earnings ratio of -24.85 and a beta of 1.01. The firm has a fifty day moving average of $3.74 and a 200 day moving average of $2.64.
Real Brokerage (NASDAQ:REAX - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. The firm had revenue of $181.34 million for the quarter, compared to analyst estimates of $161.37 million. Research analysts predict that The Real Brokerage Inc. will post -0.12 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. AWM Investment Company Inc. increased its stake in shares of Real Brokerage by 240.6% in the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company's stock valued at $5,314,000 after purchasing an additional 1,203,228 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in shares of Real Brokerage in the fourth quarter valued at approximately $448,000. Quadrature Capital Ltd purchased a new stake in shares of Real Brokerage in the first quarter valued at approximately $263,000. TCI Wealth Advisors Inc. acquired a new position in shares of Real Brokerage during the 1st quarter worth approximately $49,000. Finally, Searcy Financial Services Inc. ADV acquired a new stake in Real Brokerage in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 53.28% of the company's stock.
About Real Brokerage
(
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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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