Real Brokerage (NASDAQ:REAX) Hits New 1-Year Low – Time to Sell?

The Real Brokerage Inc. (NASDAQ:REAX)’s stock price hit a new 52-week low on Friday . The company traded as low as $2.31 and last traded at $2.3750, with a volume of 268018 shares traded. The stock had previously closed at $2.40.

Analyst Ratings Changes

A number of brokerages recently issued reports on REAX. Freedom Capital upgraded Real Brokerage to a “strong-buy” rating in a report on Friday, January 23rd. Zelman & Associates reaffirmed a “neutral” rating on shares of Real Brokerage in a research report on Thursday, March 5th. JonesTrading reissued a “buy” rating and set a $5.00 target price on shares of Real Brokerage in a research report on Wednesday, March 4th. William Blair reissued an “outperform” rating on shares of Real Brokerage in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Real Brokerage in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Real Brokerage currently has an average rating of “Moderate Buy” and a consensus target price of $5.83.

Real Brokerage Stock Performance

The firm has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $3.75. The company has a market cap of $496.67 million, a P/E ratio of -78.50 and a beta of 1.01.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Real Brokerage had a negative net margin of 0.41% and a negative return on equity of 17.37%. The company had revenue of $505.14 million for the quarter, compared to analyst estimates of $477.98 million. On average, sell-side analysts predict that The Real Brokerage Inc. will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in REAX. Farther Finance Advisors LLC purchased a new stake in shares of Real Brokerage in the third quarter worth $25,000. Lido Advisors LLC purchased a new stake in Real Brokerage during the third quarter valued at about $42,000. Xponance LLC purchased a new stake in Real Brokerage in the fourth quarter worth approximately $38,000. Envestnet Asset Management Inc. purchased a new stake in shares of Real Brokerage in the 2nd quarter valued at $47,000. Finally, Inscription Capital LLC purchased a new position in Real Brokerage in the 3rd quarter worth $44,000. Institutional investors own 53.28% of the company’s stock.

Real Brokerage Company Profile

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.