Reliance Global Group Inc. (RELI) Stock: Looks Like A Good Investment

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Reliance Global Group Inc. (NASDAQ:RELI) at last check was buoying at $7.90 on Thursday, January 13, with a fall of -2.35% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $8.09 and 5Y monthly beta was reading -75.98 with its price kept floating in the range of $7.39 and $8.57 on the day. Considering stock’s 52-week price range provides that RELI hit a high price of $42.85 and saw its price falling to a low level of $1.83 during that period. Over a period of past 1-month, stock came adding 217.25% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review RELI stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the RELI stock which is currently positioned at 0. It further provides that stock’s current price level is 32.23% away from its 20-day simple moving average and is 110.96% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 63.45 while volatility remained at 27.26% over the past week which changes to 30.26% when measuring it over the past month. Beta is valued at -0.62, while measure of average true range or ATR is currently at 1.53.

Having a second look at Reliance Global Group Inc. (NASDAQ:RELI) provides that stock’s average daily trading volume for 3 months was 5.50 million. Number of outstanding shares of the stock stood at 10.94 million.

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The percentage of outstanding shares held by the insiders is 87.90% while it is 4.20% for the institutional holders. Addition of 25.62% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.