BTIG Research has recently raised eXp World Holdings Inc (EXPI) stock to Neutral rating, as announced on July 23, 2024, according to Finviz. Earlier, on July 18, 2023, BTIG Research had initiated the stock to Sell, setting a price target of $14. Berenberg also initiated Buy rating with a price target of $53. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
eXp World Holdings Inc (EXPI) Stock Trading Recap
On Thursday, eXp World Holdings Inc (EXPI) stock saw a decline, ending the day at $13.63 which represents a decrease of $-0.13 or -0.94% from the prior close of $13.76. The stock opened at $13.55 and touched a low of $13.16 during the day, reaching a high of $13.73. The volume of shares traded was 0.80 million falling short of the average volume of 1.01 million.
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EXPI Stock Performance and Moving Averages
In recent trading, eXp World Holdings Inc (EXPI) stock price has shown some volatility, fluctuating -5.15% over the last five trades and 16.50% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 27.86%, and it has gained 27.15% in the previous three months. Currently, EXPI is trading at -0.34%, 4.25%, and 11.61% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, EXPI, a Real Estate sector stock, is trading -20.34% below its 52-week high but remains 52.97% above its 52-week low. The Average True Range (ATR) (14 days) of 0.66 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
eXp World Holdings Inc’s Profitability and Valuation Ratios
eXp World Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -0.01% and a profit margin of -0.52%, with a gross margin of 27.86%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, eXp World Holdings Inc’s market capitalization stands at $2.10 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 44.86. Additionally, the Price-to-Sales Ratio is 0.47, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 9.51, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 49.17% of eXp World Holdings Inc (EXPI)’s shares, while financial institutions hold 37.56%.
Notable insider trades include Sanford Glenn Darrel, CEO and Chairman of the Board at eXp World Holdings Inc (EXPI), who sold 40000 shares on Oct 01 ’24, at $13.93 each, totaling $0.56 million. On Sep 24 ’24, Sanford Glenn Darrel, CEO and Chairman of the Board, sold 50000 shares for $14.23 each, amounting to $0.71 million. Additionally, on Sep 18 ’24, MILES RANDALL D sold 30000 shares at $15.11 each, generating $0.45 million.
