RE/MAX Holdings Inc (NYSE:RMAX) closed Monday at $9.78 per share, up from $9.55 a day earlier. While RE/MAX Holdings Inc has overperformed by 2.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RMAX fell by -48.36%, with highs and lows ranging from $24.28 to $8.70, whereas the simple moving average fell by -42.58% in the last 200 days.
On November 07, 2023, Morgan Stanley Downgraded RE/MAX Holdings Inc (NYSE: RMAX) to Underweight.
Analysis of RE/MAX Holdings Inc (RMAX)
The current dividend for RMAX investors is set at $0.69 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 -8.68%, 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 RE/MAX 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 -13.06% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and RMAX is recording an average volume of 357.84K. On a monthly basis, the volatility of the stock is set at 6.11%, whereas on a weekly basis, it is put at 6.11%, with a gain of 8.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.60, showing growth from the present price of $9.78, which can serve as yet another indication of whether RMAX is worth investing in or should be passed over.
How Do You Analyze RE/MAX Holdings Inc Shares?
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 8.81%. 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 96.32% 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 RMAX shares?
The recent increase in stakes in RMAX appears to be a result of several institutional investors and hedge funds increasing their positions. The Magnolia Group LLC’s position in RMAX has increased by 12.27% in the first quarter. The company now owns 2,947,156 shares of the stock, with a value of $31.71 million, following the purchase of 322,049 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in RMAX during the first quarter, downing its stake by -11.70%. During the last quarter, the company dropped down -242,184 additional shares for a total stake of worth $19.68 million, bringing number of shares owned by the company to 1,828,630.
During the first quarter, BlackRock Fund Advisors subtracted a -1,533,207 position in RMAX. Dimensional Fund Advisors LP sold an additional -0.12 million shares in the last quarter, decreasing its holdings by -9.14%, now holding 1.19 million shares worth $12.85 million. At the end of the first quarter, RPD Fund Management LLC decreased its RMAX holdings by -3.80% and now holds 1.1 million RMAX shares valued at $11.86 million with the lessened 43590.0 shares during the period. RMAX shares are owned by institutional investors to the tune of 96.32% at present.