Real Brokerage (NASDAQ:REAX) Stock Price Down 4.8% – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX)’s share price fell 4.8% during trading on Thursday . The company traded as low as $5.06 and last traded at $5.14. 152,660 shares traded hands during trading, a decline of 80% from the average session volume of 775,064 shares. The stock had previously closed at $5.40.

Real Brokerage Price Performance

The firm has a 50-day simple moving average of $5.76 and a 200-day simple moving average of $5.00. The firm has a market capitalization of $943.73 million, a PE ratio of -25.70 and a beta of 1.01.

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

Institutional Investors Weigh In On Real Brokerage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its stake in shares of Real Brokerage by 198.8% in the second quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after acquiring an additional 3,975 shares during the period. HBK Sorce Advisory LLC increased its stake in Real Brokerage by 17.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 72,000 shares of the company’s stock worth $225,000 after acquiring an additional 10,500 shares during the last quarter. Searcy Financial Services Inc. ADV bought a new position in shares of Real Brokerage during the 1st quarter valued at approximately $37,000. Principal Financial Group Inc. purchased a new position in shares of Real Brokerage in the second quarter valued at $52,000. Finally, TCI Wealth Advisors Inc. bought a new position in Real Brokerage during the first quarter valued at $49,000. 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.