The stock of eXp World Holdings Inc. (NASDAQ:EXPI) decreased by -$0.13 on Friday to finish at $19.35, down -0.67 percent. The last five days have seen an average of 878,220 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $8.27. The average number of shares traded over the last 20 days was 1,073,940, while the average volume over the last 50 days totaled 1,173,898.
EXPI stock dropped -14.95% since last month. On 08/21/23, the company’s shares reached a one-month low of $18.94. The stock touched a high of $25.39 on 08/01/23, after rallying from a low of $9.96 in 52 weeks. The price of EXPI stock has risen by 74.64% or $8.27 this year, reaching a new high 21 times. Still, the stock price is down -23.79% from the 52-week high.
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Insider Transactions
EXPI stock investors should be aware that eXp World Holdings Inc. (EXPI) stock had its last reported insider trading activity 12 days ago on Aug 16. On Aug 16, Chief Growth Officer Valdes Jose Enrique sold 49,424 shares at $22.14 each. This transaction resulted in the insider making $1,094,178. On Aug 09, Whiteside Jeff sold 340,000 shares at a price of US$23.90. After the transaction, the insider now owns 150 shares. Director Gesing Jason had earlier sold 20,000 shares on Aug 09 for $24.21 a share. The transaction was completed for $484,132.
Valuation Metrics
eXp World Holdings Inc. (EXPI) has a trailing price-to-earnings (P/E) ratio of 387.00. Beta for the stock is 2.76. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 11.52, and the price-to-cash flow ratio of 15.68.
Company paid $0.05 per share in dividends, an increase of 11.11% from $0.0450 last year. A $0.0050 dividend increase was reported on Friday July 28 2023.
Financial Health
For the three months ended June 29, eXp World Holdings Inc.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 8.10% percent. eXp World Holdings Inc.’s EBITDA margin for the year ended June 29 was 0.33%, whereas its operating margin stood at 0.00% for the same period. Based on annual data, it had gross profit of $5.41 million and revenue of $4.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EXPI’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 6.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.20%.
Earnings Surprise
According to eXp World Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.23 billion, while revenues fell by -14.77% to $850.62 million. It was predicted that eXp World Holdings Inc.’s quarterly earnings would be $0.06, but it ended up being $0.07, beating the consensus by -14.30%. EBITDA was $13.88 million for the quarter. At the end of eXp World Holdings Inc.’s most recent quarter ended June 29, its total debt was $37000.0. Equity owned by shareholders amounts to $153.59 million.
Technical Picture
Here’s a quick look at eXp World Holdings Inc.’s (EXPI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 28.63%, suggesting the stock is oversold, with a 41.72% historical volatility rate.
The stochastic %K and %D were 10.24% and 10.16% respectively, while the average true range (ATR) was 0.99. Based on the 14-day stochastic reading of 7.01%, the RSI (14) reading is 35.85%. On the 9-day MACD Oscillator, the stock is at -0.55, and the 14-day reading is at -1.70.
Analyst Ratings
In its analyst report released on July 18, 2023, BTIG Research began covering eXp World Holdings Inc. (NASDAQ: EXPI). The stock was rated as a Sell by the brokerage firm. Analysts have assigned eXp World Holdings Inc. (EXPI) an Hold rating. EXPI is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is EXPI’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $28.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for eXp World Holdings Inc. (EXPI) is $23.00.
