Real Brokerage (NASDAQ:REAX – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02, Zacks reports. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%.
Real Brokerage Stock Performance
Shares of REAX traded up $0.06 during trading hours on Thursday, reaching $5.01. The stock had a trading volume of 709,335 shares, compared to its average volume of 882,961. The stock has a market capitalization of $989.76 million, a PE ratio of -27.79 and a beta of 1.01. Real Brokerage has a 12 month low of $2.46 and a 12 month high of $6.75. The company’s 50-day moving average is $4.87 and its two-hundred day moving average is $5.27.
Analysts Set New Price Targets
Separately, BTIG Research assumed coverage on Real Brokerage in a research note on Wednesday, December 18th. They set a “buy” rating and a $6.00 target price for the company.
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.
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