Real Brokerage (NASDAQ:REAX) Stock Price Down 4.8% – Time to Sell?

Shares of The Real Brokerage Inc. (NASDAQ:REAX) were down 4.8% during mid-day trading on Thursday . The company traded as low as $5.06 and last traded at $5.14. Approximately 152,660 shares changed hands during trading, a decline of 80% from the average daily volume of 775,064 shares. The stock had previously closed at $5.40.

Real Brokerage Stock Performance

The stock has a market cap of $954.75 million, a price-to-earnings ratio of -25.40 and a beta of 1.01. The business’s 50 day moving average is $5.79 and its 200 day moving average is $4.98.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $340.78 million for the quarter, compared to analysts’ expectations of $264.06 million. Real Brokerage had a negative return on equity of 81.21% and a negative net margin of 3.55%. During the same quarter in the previous year, the business posted ($0.02) EPS. Research analysts expect that The Real Brokerage Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of Real Brokerage

Several hedge funds and other institutional investors have recently modified their holdings of REAX. National Bank of Canada FI raised its stake in shares of Real Brokerage by 198.8% during the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after purchasing an additional 3,975 shares in the last quarter. Searcy Financial Services Inc. ADV bought a new position in Real Brokerage during the first quarter valued at approximately $37,000. TCI Wealth Advisors Inc. acquired a new stake in Real Brokerage in the first quarter valued at approximately $49,000. Principal Financial Group Inc. bought a new stake in Real Brokerage in the second quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Real Brokerage during the 2nd quarter worth $145,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

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.