Real Brokerage (NASDAQ:REAX) Trading Down 6.6% – Here’s What Happened

The Real Brokerage Inc. (NASDAQ:REAX)’s share price fell 6.6% during mid-day trading on Monday . The company traded as low as $5.36 and last traded at $5.37. 347,145 shares were traded during mid-day trading, a decline of 56% from the average session volume of 785,105 shares. The stock had previously closed at $5.75.

Real Brokerage Trading Down 0.6 %

The business’s 50-day moving average price is $5.83 and its 200-day moving average price is $4.90. The stock has a market cap of $976.78 million, a PE ratio of -26.75 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, topping 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 for the quarter, compared to the consensus estimate of $264.06 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. As a group, analysts predict that The Real Brokerage Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of Real Brokerage

Several large investors have recently bought and sold shares of the stock. AWM Investment Company Inc. grew its position in Real Brokerage by 240.6% during the 1st quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock worth $5,314,000 after purchasing an additional 1,203,228 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Real Brokerage by 311.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock valued at $1,169,000 after acquiring an additional 218,034 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Real Brokerage in the 2nd quarter valued at $1,091,000. Renaissance Technologies LLC increased its stake in shares of Real Brokerage by 25.3% in the second quarter. Renaissance Technologies LLC now owns 229,500 shares of the company’s stock worth $932,000 after acquiring an additional 46,400 shares during the period. Finally, Rhumbline Advisers acquired a new position in Real Brokerage during the second quarter valued at $474,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.

About Real Brokerage

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.