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Tuesday, January 31, 2023

Analyst Expects Reliance Global Group Inc. (NASDAQ: RELI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Reliance Global Group Inc. (RELI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0001, or -0.02%, to $0.62. The Reliance Global Group Inc. has recorded 9,115 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Reliance Global Group Announces Referral Partnership with Eastern Union.

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Stocks Info

As a NASDAQ listed company, RELI falls under the Financial sector while operating within the Insurance Brokers industry segment. At the end of the last regular session, the stock closed at $0.62 and fluctuated between $0.6350 as its day high and $0.5511 as its day low. The current market capitalization of Reliance Global Group Inc. is $10.10M. A total of 0.3 million shares were traded on the day, compared to an average of 134.67K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RELI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 0 SELLs from insiders. Insiders purchased 578,203 shares during that period but sold 0.

In the most recent transaction, Beyman Ezra bought 126,435 shares of RELI for 0.99 per share on Sep 15. After the transaction, the Chairman and CEO now owns 574,024 company shares. In a previous transaction on Sep 14, Beyman Ezra bought 207,868 shares at 0.94 per share. RELI shares that Chairman and CEO owns now total 447,589.

Among the insiders who bought shares, Beyman Ezra acquired of 118,500 shares on Sep 13 at a per-share price of $0.84. This resulted in the Chairman and CEO holding 239,721 shares of RELI after the transaction. In another insider transaction, Beyman Ezra bought 49,300 shares at $0.80 per share on Sep 12. Company shares held by the Chairman and CEO now total 121,221.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RELI in the last 3 months, the mean price target is $7.00 with high estimates of $7.00 and low estimates of $7.00. In terms of 52-week highs and lows, RELI has a high of $9.89 and a low of $0.51.

As of this writing, RELI has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.42 in the last quarter, which was -740.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 1 analysts are providing their opinions on the stock. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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