How have the shares performed?
Reliance Global Group Inc. (RELI) saw an uptrend of 8.90% in the recent trading with $3.67 being its most recent. The current price level -91.44% lower than the highest price of $42.85 marked by the stock while trading over the past 52-weeks, whereas it is 30.14% higher than the lowest price of $2.82 the company dropped to over past 52-weeks. The latest news story on RELI appeared in GlobeNewswire under the title “Reliance Global Group Reports 15% Increase in Revenue for the First Quarter of 2021 and Provides Corporate Update” on May-14-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -20.22% below one month high and is +26.55% above of the lowest during that time. Looking into the simple moving average, Reliance Global Group Inc. (RELI)’s stock stands at a SMA-50 of $3.89 while that of 5-day is reading $3.61.
Reliance Global Group Inc. Earnings – What Happened With RELI
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.95 billion.
RELI – Reliance Global Group Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 7.54 million. RELI does have institutional investors; and they hold 2.10% of the stock.
Reliance Global Group Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, RELI declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Millennium Management LLC was the top most holder in Reliance Global Group Inc. (NASDAQ:RELI) with an ownership of 0.11 million shares of the company or 0.99% of the stake worth $0.47 million. The filing also reveals Geode Capital Management, LLC as the second largest holder in the company with a control over 0.40% of the outstanding shares. Its stake is worth $0.19 million for having 43427.0 shares in hand.
Ifp Advisors, Inc also came holding a key position in the company during the recent quarter and it now holds 0.20% of the outstanding shares. With this there are now 11 institutions which have possession in RELI’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Reliance Global Group Inc. has a debt to equity ratio of 0.67. The count was 10,304.08 for long-term debt to equity ratio.
Technical Analysis of Reliance Global Group Inc. (NASDAQ:RELI) stock