Real Brokerage (NASDAQ:REAX - Get Free Report) issued its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02, Zacks reports. The firm had revenue of $350.63 million for the quarter, compared to analysts' expectations of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%.
Real Brokerage Stock Performance
REAX stock traded down $0.21 during midday trading on Friday, reaching $4.52. 989,018 shares of the company were exchanged, compared to its average volume of 912,350. Real Brokerage has a 1-year low of $2.46 and a 1-year high of $6.75. The stock's 50-day simple moving average is $4.86 and its 200 day simple moving average is $5.24. The company has a market cap of $893.85 million, a price-to-earnings ratio of -25.11 and a beta of 1.01.
Wall Street Analysts Forecast Growth
REAX has been the topic of several analyst reports. Jones Trading reaffirmed a "buy" rating and issued a $6.00 target price on shares of Real Brokerage in a report on Thursday. BTIG Research initiated coverage on shares of Real Brokerage in a report on Wednesday, December 18th. They issued a "buy" rating and a $6.00 target price on the stock.
Read Our Latest Research Report on Real Brokerage
About Real Brokerage
(
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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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