eXp World Holdings Inc (NASDAQ:EXPI) shares, rose in value, with the stock price down by -5.63% to the previous day’s close as strong demand from buyers drove the stock to $10.06.
Actively observing the price movement in the last trading, the stock closed the session at $10.66. The value of beta (5-year monthly) was 2.32. Referring to stock’s 52-week performance, its high was $25.39, and the low was $8.91. On the whole, EXPI has fluctuated by -18.08% over the past month.
With the market capitalization of eXp World Holdings Inc currently standing at about $1.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.94%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to $0.11 for fiscal year $0.07 and then to about $0.19 by fiscal year 2025. Data indicates that the EPS growth is expected to be 216.70% in 2025, while the next year’s EPS growth is forecast to be 171.40%.
Analysts have estimated the company’s revenue for the quarter at $905.61 million, with a low estimate of $872.91 million and a high estimate of $954.9 million. According to the average forecast, sales growth in current quarter could jump up 5.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.68 billion, representing an increase of 9.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EXPI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EXPI currently trading nearly -5.44% and -13.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.25, while the 7-day volatility ratio is showing 6.80% which for the 30-day chart, stands at 6.47%. Furthermore, eXp World Holdings Inc (EXPI)’s beta value is 2.29, and its average true range (ATR) is 0.66.
A comparison of eXp World Holdings Inc (EXPI) with its peers suggests the former has fared considerably weaker in the market. EXPI showed an intraday change of -5.63% in last session, and over the past year, it shrunk by -17.13%%.
Data on historical trading for eXp World Holdings Inc (NASDAQ:EXPI) indicates that the trading volumes over the past 10 days have averaged 1.14 million and over the past 3 months, they’ve averaged 1.10 million. According to company’s latest data on outstanding shares, there are 154.67 million shares outstanding.
Nearly 49.44% of eXp World Holdings Inc’s shares belong to company insiders and institutional investors own 34.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.11 million shares as on Mar 15, 2024, resulting in a short ratio of 14.76. According to the data, the short interest in eXp World Holdings Inc (EXPI) stood at 12.36% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.31 million. The stock has fallen by -35.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EXPI stock heading into the next quarter.
