The Real Brokerage Inc. (NASDAQ:REAX – Get Rating)'s share price traded down 3.2% during trading on Monday . The stock traded as low as $1.20 and last traded at $1.20. 76,745 shares were traded during mid-day trading, a decline of 10% from the average session volume of 85,649 shares. The stock had previously closed at $1.24.
Real Brokerage Stock Down 3.2 %
The stock has a market capitalization of $214.23 million, a PE ratio of -12.00 and a beta of 0.57. The firm has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.50.
Get Real Brokerage alerts:Real Brokerage (NASDAQ:REAX – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $111.63 million during the quarter, compared to the consensus estimate of $91.97 million. Real Brokerage had a negative return on equity of 85.17% and a negative net margin of 5.24%. On average, equities analysts forecast that The Real Brokerage Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. LPL Financial LLC purchased a new stake in Real Brokerage during the second quarter valued at about $29,000. Commonwealth Equity Services LLC purchased a new stake in Real Brokerage during the second quarter valued at about $37,000. Millennium Management LLC lifted its holdings in Real Brokerage by 64.0% during the second quarter. Millennium Management LLC now owns 71,383 shares of the company's stock valued at $109,000 after purchasing an additional 27,861 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new stake in Real Brokerage during the third quarter valued at about $403,000. Institutional investors own 33.22% of the company's stock.About Real Brokerage
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The Real Brokerage Inc, together with its subsidiaries, operates as a technology-powered real estate brokerage company. It provides brokerage services for the real estate market through a network of agents. The company offers agents a mobile-focused tech platform to run its business, as well as business terms and wealth-building opportunities.
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