Real Brokerage (NASDAQ:REAX) Sets New 12-Month High at $6.21

The Real Brokerage Inc. (NASDAQ:REAX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.21 and last traded at $6.19, with a volume of 1243523 shares trading hands. The stock had previously closed at $5.95.

Real Brokerage Trading Up 2.5 %

The firm’s 50 day simple moving average is $4.95 and its 200 day simple moving average is $4.10. The firm has a market cap of $1.12 billion, a PE ratio of -29.75 and a beta of 1.03.

Real Brokerage (NASDAQ:REAX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Real Brokerage had a negative return on equity of 81.21% and a negative net margin of 3.55%. The company had revenue of $340.78 million for the quarter, compared to the consensus estimate of $264.06 million. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, equities research analysts predict that The Real Brokerage Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Real Brokerage

Large investors have recently bought and sold shares of the business. National Bank of Canada FI increased its holdings in shares of Real Brokerage by 198.8% in the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after buying an additional 3,975 shares during the last quarter. Searcy Financial Services Inc. ADV purchased a new stake in Real Brokerage during the first quarter valued at approximately $37,000. TCI Wealth Advisors Inc. bought a new stake in shares of Real Brokerage in the 1st quarter valued at approximately $49,000. Principal Financial Group Inc. purchased a new position in shares of Real Brokerage in the 2nd quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Real Brokerage during the 2nd quarter valued at approximately $145,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

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.