Some Investing Thoughts On RE/MAX Holdings Inc (NYSE: RMAX)

RE/MAX Holdings Inc (RMAX) concluded trading on Thursday at a closing price of $8.77, with 0.44 million shares of worth about $3.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.27% during that period and on March 28, 2024 the price saw a gain of about 9.76%. Currently the company’s common shares owned by public are about 18.27M shares, out of which, 15.76M shares are available for trading.

Stock saw a price change of 0.69% in past 5 days and over the past one month there was a price change of 7.48%. Year-to-date (YTD), RMAX shares are showing a performance of -34.21% which decreased to -49.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.24 but also hit the highest price of $20.48 during that period. The average intraday trading volume for RE/MAX Holdings Inc shares is 287.25K. The stock is currently trading 8.46% above its 20-day simple moving average (SMA20), while that difference is down -4.96% for SMA50 and it goes to -33.19% lower than SMA200.

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RE/MAX Holdings Inc (NYSE: RMAX) currently have 18.27M outstanding shares and institutions hold larger chunk of about 93.93% of that.

The stock has a current market capitalization of $160.32M and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$3.80 in the same period. It has a debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RMAX, volatility over the week remained 7.37% while standing at 6.56% over the month.

Analysts are in expectations that RE/MAX Holdings Inc (RMAX) stock would likely to be making an EPS of $0.22 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $1.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.92% while it is estimated to increase by 15.63% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 18, 2023 offering an Underweight rating for the stock and assigned a target price range of between $16 and $14 to it. Coverage by Morgan Stanley stated RE/MAX Holdings Inc (RMAX) stock as an Underweight in their note to investors on November 07, 2023, suggesting a price target of $9 for the stock. On July 18, 2023, BTIG Research Initiated their recommendations, while on February 21, 2023, Stephens Downgrade their ratings for the stock with a price target of $21. Stock get an Equal-weight rating from Morgan Stanley on September 22, 2021.

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