eXp World Holdings Inc. (NASDAQ:EXPI) closed Tuesday at $25.33 per share, up from $24.94 a day earlier. While eXp World Holdings Inc. has overperformed by 1.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXPI rose by 70.46%, with highs and lows ranging from $24.98 to $9.96, whereas the simple moving average jumped by 75.97% in the last 200 days.
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On July 18, 2023, BTIG Research started tracking eXp World Holdings Inc. (NASDAQ: EXPI) recommending Sell.
Analysis of eXp World Holdings Inc. (EXPI)
The current dividend for EXPI investors is set at $0.18 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -15.80%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of eXp World Holdings Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 3.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and EXPI is recording an average volume of 1.43M. On a monthly basis, the volatility of the stock is set at 5.38%, whereas on a weekly basis, it is put at 4.70%, with a gain of 8.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.00, showing decline from the present price of $25.33, which can serve as yet another indication of whether EXPI is worth investing in or should be passed over.
How Do You Analyze eXp World Holdings Inc. Shares?
eXp World Holdings Inc. (EXPI) is based in the USA and is one of the most prominent companies operating in the Real Estate Services market. When comparing eXp World Holdings Inc. shares with other companies under Real Estate, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 506.60, there is a growth in quarterly earnings of -83.50%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 48.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in EXPI shares?
The recent increase in stakes in EXPI appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in EXPI has increased by 0.91% in the first quarter. The company now owns 10,398,877 shares of the stock, with a value of $210.89 million, following the purchase of 93,392 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in EXPI during the first quarter, upping its stake by 0.92%. During the last quarter, the company dropped down 39,648 additional shares for a total stake of worth $88.1 million, bringing number of shares owned by the company to 4,344,388.
During the first quarter, Copeland Capital Management LLC subtracted a -477,503 position in EXPI. Geode Capital Management LLC purchased an additional 55166.0 shares in the last quarter, increasing its holdings by 3.53%, now holding 1.62 million shares worth $32.83 million. At the end of the first quarter, Renaissance Technologies LLC decreased its EXPI holdings by -0.87% and now holds 1.5 million EXPI shares valued at $30.33 million with the lessened 13096.0 shares during the period. EXPI shares are owned by institutional investors to the tune of 29.10% at present.
