Reliance Global Group Inc

Company Profile

Reliance Global Group Inc had its IPO on 2016-02-02 under the ticker symbol RELI.

The company operates in the Financial Services sector and Insurance Brokers industry. Reliance Global Group Inc has a staff strength of 78 employees.

Stock update

Shares of Reliance Global Group Inc opened at $2.66 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $2.37 - $2.67, and closed at $2.5.

This is a +3.73% increase from the previous day's closing price.

A total volume of 62,726 shares were traded at the close of the day’s session.

In the last one week, shares of Reliance Global Group Inc have slipped by -16.94%.

Reliance Global Group Inc's Key Ratios

Reliance Global Group Inc has a market cap of $6.40 million, indicating a price to book ratio of 0.3953 and a price to sales ratio of 0.7283.

In the last 12-months Reliance Global Group Inc’s revenue was $17.99 million with a gross profit of $2.61 million and an EBITDA of $-2009690. The EBITDA ratio measures Reliance Global Group Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Reliance Global Group Inc’s operating margin was -27.01% while its return on assets stood at -6.59% with a return of equity of -83.41%.

In Q2, Reliance Global Group Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 12.2%.

Reliance Global Group Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-22.25 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Reliance Global Group Inc’s profitability.

Reliance Global Group Inc stock is trading at a EV to sales ratio of 1.7302 and a EV to EBITDA ratio of -6.3987. Its price to sales ratio in the trailing 12-months stood at 0.7283.

Reliance Global Group Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$34.88 million

Total Liabilities

$4.86 million

Operating Cash Flow

$0

Capital Expenditure

$84283

Dividend Payout Ratio

0%

Reliance Global Group Inc ended 2024 with $34.88 million in total assets and $0 in total liabilities. Its intangible assets were valued at $34.88 million while shareholder equity stood at $13.03 million.

Reliance Global Group Inc ended 2024 with $0 in deferred long-term liabilities, $4.86 million in other current liabilities, 176546.00 in common stock, $-29835808.00 in retained earnings and $14.29 million in goodwill. Its cash balance stood at $1.27 million and cash and short-term investments were $1.27 million. The company’s total short-term debt was $2,572,225 while long-term debt stood at $12.59 million.

Reliance Global Group Inc’s total current assets stands at $7.13 million while long-term investments were $0.00 and short-term investments were $0. Its net receivables were $3.90 million compared to accounts payable of $911247.00 and inventory worth $1.41 million.

In 2024, Reliance Global Group Inc's operating cash flow was $0 while its capital expenditure stood at $84283.

Comparatively, Reliance Global Group Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$2.5

52-Week High

$15.3

52-Week Low

$2

Analyst Target Price

$7

Reliance Global Group Inc stock is currently trading at $2.5 per share. It touched a 52-week high of $15.3 and a 52-week low of $15.3. Analysts tracking the stock have a 12-month average target price of $7.

Its 50-day moving average was $3.26 and 200-day moving average was $5.33 The short ratio stood at 3.74 indicating a short percent outstanding of 0%.

Around 2110.9% of the company’s stock are held by insiders while 1073.1% are held by institutions.