Scout24 (ETR:G24) Trading 0.8% Higher - Here's Why

Key Points

• Scout24 SE shares increased by 0.8%, reaching a last trading price of €112.10 ($131.88), though trading volume decreased by 30% compared to average sessions.
• The company has a market capitalization of $8.20 billion and a price-to-earnings ratio of 47.69, indicating a healthy but potentially overvalued stock.
• Scout24 operates the ImmoScout24 platform focused on residential and commercial real estate, offering various services including real estate financing and CRM solutions.

Shares of Scout24 SE (ETR:G24 - ) traded up 0.8% on Wednesday . The company traded as high as €112.60 ($132.47) and last traded at €112.10 ($131.88). 157,646 shares were traded during trading, a decline of 30% from the average session volume of 223,980 shares. The stock had previously closed at €111.20 ($130.82).

Scout24 Trading Up 0.8%

The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 47.69, a P/E/G ratio of 1.51 and a beta of 0.53. The business has a 50-day moving average of €116.14 and a two-hundred day moving average of €109.31. The company has a quick ratio of 2.23, a current ratio of 0.45 and a debt-to-equity ratio of 3.99.

Scout24 Company Profile

Scout24 SE operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. The company offers Realtor Lead Engine and Immoverkauf24 products for selling real estate; Mortgage Lead Engine, a mortgage financing product under the pay-per-lead model; mortgage and real estate financing advisory services; FLOWFACT and Propstack, which are CRM software solutions for real estate agents; and TenantPlus that provides rental properties.

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