RE/MAX Holdings Inc. (RMAX): Look at its Technical Analysis

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RE/MAX Holdings Inc. (NYSE:RMAX) changes shares on Tuesday trading session, with a change of 2.32% or $0.76 shares. The trading starts at $34.38 and closed at $32.69 throughout the day. The trading session low price was $32.99 and day high was $34.49 on Tuesday, June 16. After the session, the Real Estate sector daily volume shifted to 0.16 million while its average volume is 169.26K. In other hand, the RMAX market cap reached to $594.07M. While, its current target price is $33.45 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.68% and up 48.87% for month. Its quarterly performance was 31.95% above, while its half year performance is down -13.00%. RMAX yearly performance stood at positive 4.66% and fall -13.09% for year-to-date. Current recommendation for RE/MAX Holdings Inc. is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RMAX EPS (TTM) for 12-month is 1.30. EPS for this year is -7.40%, while for the next year its value is 2.16. Its EPS Q/Q reached -41.00%. It has an EPS of 5.00% up for past five years.

Let’s take a look on the analyst recommendations on RMAX for the current month and previous month. For the current month, 4 of 7 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 6 analysts participate in stock recommendation. Out of 6, 1 rated it sell, 3 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $20.00-$45.00. Average target price for RMAX was reached at $34.00.

Blackrock Inc., Vanguard Group, Inc. (The) and Van Berkom & Associates Inc. are the top three holders in RE/MAX Holdings Inc. (RMAX) stock. On Mar 30, 2020, Blackrock Inc. has 3.15 million shares which valued 69.16 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.03 million shares which valued at 44.56 million. On Mar 30, 2020, Van Berkom & Associates Inc. has a total of 1.79 million shares which valued at 39.22 million. In the end, Van Berkom & Associates Inc. have 9.87% shares outstanding of RE/MAX Holdings Inc. (RMAX) on Mar 30, 2020. The insider ownership moved to 2.30%.

The company posted an EPS (TTM) of 1.30. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.41, while 0.65 EPS posted a year ago period. Analyst Estimated EPS for RMAX published in the report was 0.24-0.65 during the same period. Comparing with last year, the average estimated EPS was 0.65 which is higher than 0.39 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RMAX rise 6.97% for period of 200 days. SMA for 50 days was 30.30% which is showing green signal, while SMA-20 was 13.72%. The moving average value for RE/MAX Holdings Inc. (RMAX) is 30.79 and 27.58 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in RMAX stock. On Mar 16, Smith Serene M., Chief of Staff & COO, sold 4,000 trading shares at the cost of $25.81, which valued at 0.1 million.