The Real Brokerage Inc. (NASDAQ: REAX) Trading above Its 20 Day MA ($5.21), Why Showing An Interesting Price Pattern?

The Real Brokerage Inc. (NASDAQ:REAX) does about 1.03M shares in volume on a normal day but saw 623224 shares change hands in the recent trading day. The company now has a market cap of 1.05B USD. Its current market price is $5.81, marking an increase of 3.20% compared to the previous close of $5.63. The 52 week high reached by this stock is $6.06 whilst the lowest price level in 52 weeks is $1.28.

The Real Brokerage Inc. (REAX) has a 20-day trading average at $5.21 and the current price is -4.13% off the 52-week high compared with 353.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.73 and its 200-day simple moving average is $3.07. If we look at the stock’s price movements over the week, volatility stands at 4.75%, which increases to 6.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.54 to suggest the stock is neutral.

The consensus objective for the share price is $6.12, suggesting that the stock has a potential upside of 5.07% over the period.

The Real Brokerage Inc. (REAX) stock is up 0.52% over the week and 50.52% over the past month. Its price is 263.12% year-to-date and 235.84% over the past year.

To reach the target analysts have set, the stock logically needs to grow 5.07 percent from here.

The company has a return on investment of -142.23% and return on equity of -158.52%. The beta has a value of 1.46. Price to book ratio is 42.73 and price to sales ratio is 1.34.