At the last check on Friday, Reliance Global Group Inc.’s (NASDAQ:RELI) stock was up $1.4, moving up 59.83 percent to $3.74. The average number of shares traded per day over the past five days has been 22,548 shares. 5 times new highs have been achieved over the past 5 days, with a $0.75 gain in that time frame. In the last twenty days, the average volume was 18,897, while in the previous 50 days, it was 20,499.
Since last month, RELI stock rose 16.51%. Shares of the company fell to $2.00 on 08/23/23, the lowest level in the past month. A 52-week high of $15.30 was reached on 01/27/23 after having rallying from a 52-week low of $2.00. Since the beginning of this year, RELI’s stock price has dropped by -56.10% or -$5.61, and marked a new high 6 times. However, the stock has declined by -75.56% since its 52-week high.
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RELI stock investors should be aware that Reliance Global Group Inc. (RELI) stock had its last reported insider trading activity 351 days ago on Sep 15. Beyman Ezra, the Chairman and CEO of the company, purchased of 126,435 shares for $0.99 on Sep 15. It resulted in a $125,171 investment by the insider. Beyman Ezra added 207,868 shares at an average price of $0.94 on Sep 14. The insider now owns 447,589 shares following the transaction. On Sep 13, Chairman and CEO Beyman Ezra bought 118,500 shares at $0.84 apiece. The transaction was valued at $99,540.
Valuation Metrics
The stock’s beta is -0.14. Besides these, the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 0.78.
Financial Health
In the three months ended March 30, Reliance Global Group Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.97, and the total debt-to-equity ratio was 1.15. On the profitability front, the trailing twelve-month gross margin is 77.10% percent.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -89.70%. Return on equity (ROE) for the past 12 months was -103.70%.
In Reliance Global Group Inc.’s quarter-end financial report for March 30, it reported total debt of $11.71 million. RELI’s revenue fell -31.56% to $3.94 million during the quarter, while net income inched up to $3.2 million. While analysts expected Reliance Global Group Inc. to report -$0.84 quarterly earnings, the actual figure was $1.92 per share, beating the consensus estimate by 328.60%.
Technical Picture
This quick technical analysis looks at Reliance Global Group Inc.’s (RELI) price momentum. With a historical volatility rate of 139.17%, the RSI 9-day stood at 66.12% on 31 August.
With respect to its five-day moving average, the current Reliance Global Group Inc. price is up by +34.81% percent or $0.75. At present, RELI shares trade -9.57% below its 20-day simple moving average and +7.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately -38.44% below its SMA50 and -72.31% below its SMA200.
Stochastic coefficient K was 51.75% and Stochastic coefficient D was 30.19%, while ATR was 0.26. Given the Stochastic reading of 98.04% for the 14-day period, the RSI (14) reading has been calculated as 53.90%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.12.
Analyst Ratings
Reliance Global Group Inc. (RELI) has been rated Buy by analysts. According to 0 brokerage firms, RELI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Reliance Global Group Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $7.00 – $7.00. Based on these forecasts, analysts predict Reliance Global Group Inc. (RELI) will achieve an average price target of $7.00.
