RE/MAX Holdings Inc [NYSE: RMAX] plunged by -$0.02 during the normal trading session on Wednesday and reaching a high of $8.45 during the day while it closed the day at $8.37.
RE/MAX Holdings Inc stock has also gained 12.35% of its value over the past 7 days. However, RMAX stock has declined by -10.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.86% and lost -36.73% year-on date.
The market cap for RMAX stock reached $273.00 million, with 20.05 million shares outstanding and 16.56 million shares in the current float. Compared to the average trading volume of 179.54K shares, RMAX reached a trading volume of 145413 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about RE/MAX Holdings Inc [RMAX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RMAX shares is $9.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RMAX stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for RE/MAX Holdings Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 18, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $19.50 to $9. The new note on the price target was released on November 07, 2023, representing the official price target for RE/MAX Holdings Inc stock. On February 21, 2023, analysts decreased their price target for RMAX shares from 28 to 21.
The Price to Book ratio for the last quarter was 0.37, with the Price to Cash per share for the same quarter was set at 5.63. Price to Free Cash Flow for RMAX in the course of the last twelve months was 6.94 with Quick ratio for the last quarter at 1.41.
RMAX stock trade performance evaluation
RE/MAX Holdings Inc [RMAX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.35. With this latest performance, RMAX shares dropped by -3.24% in over the last four-week period, additionally plugging by 10.86% over the last 6 months – not to mention a drop of -21.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RMAX stock in for the last two-week period is set at 57.76, with the RSI for the last a single of trading hit 0.30, and the three-weeks RSI is set at 0.29 for RE/MAX Holdings Inc [RMAX]. The present Moving Average for the last 50 days of trading for this stock 8.47, while it was recorded at 8.00 for the last single week of trading, and 8.41 for the last 200 days.
RE/MAX Holdings Inc [RMAX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and RE/MAX Holdings Inc [RMAX] shares currently have an operating margin of 15.68% and a Gross Margin at 65.65%. RE/MAX Holdings Inc’s Net Margin is presently recorded at 4.27%.
RE/MAX Holdings Inc (RMAX) Capital Structure & Debt Analysis
According to recent financial data for RE/MAX Holdings Inc. ( RMAX), the Return on Equity (ROE) stands at 2.87%, suggesting modest shareholder returns. The Return on Assets (ROA) is 2.16%, reflecting the company’s efficiency in generating profits from its assets. Additionally, RE/MAX Holdings Inc’s Return on Invested Capital (ROIC) is 1.40%, showcasing its effectiveness in deploying capital for earnings.
RE/MAX Holdings Inc (RMAX) Efficiency & Liquidity Metrics
Based on RE/MAX Holdings Inc’s (RMAX) latest financial statements, the Debt-to-Equity Ratio is 1.03%, indicating its reliance on debt financing relative to shareholder equity.
RE/MAX Holdings Inc (RMAX) Efficiency & Liquidity Metrics
From an operational efficiency perspective, RE/MAX Holdings Inc. (RMAX) effectively leverages its workforce, generating an average of $23358.21 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.41% and a Quick Ratio of 1.41%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for RE/MAX Holdings Inc [RMAX] stock
With the latest financial reports released by the company, RE/MAX Holdings Inc posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RMAX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for RE/MAX Holdings Inc go to 3.86%.
RE/MAX Holdings Inc [RMAX]: Institutional Ownership
There are presently around $80.96%, or 89.36%% of RMAX stock, in the hands of institutional investors. The top three institutional holders of RMAX stocks are: MAGNOLIA GROUP, LLC with ownership of 3.12 million shares, which is approximately 16.9039%. BLACKROCK INC., holding 1.4 million shares of the stock with an approximate value of $$11.32 million in RMAX stocks shares; and BLACKROCK INC., currently with $$10.22 million in RMAX stock with ownership which is approximately 6.8279%.
