eXp World Holdings Inc. (NASDAQ: EXPI) stock jumped 1.84% on Tuesday to $15.52 against a previous-day closing price of $15.24. With 0.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $15.99 whereas the lowest price it dropped to was $15.10. The 52-week range on EXPI shows that it touched its highest point at $18.70 and its lowest point at $9.96 during that stretch. It currently has a 1-year price target of $17.25. With its current market cap of 2.40 billion, EXPI has annualized dividend of $0.18 while the current yield stands at 1.16%. Beta for the stock currently stands at 2.68.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EXPI was up-trending over the past week, with a rise of 15.73%, but this was up by 32.76% over a month. Three-month performance surged to 15.65% while six-month performance rose 33.33%. The stock gained 10.46% in the past year, while it has gained 40.07% so far this year. A look at the trailing 12-month EPS for EXPI yields 0.05 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.06. This implies an EPS growth rate of -80.80% for this year and 105.38% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.90%.
Float and Shares Shorts:
At present, 152.55 million EXPI shares are outstanding with a float of 74.51 million shares on hand for trading. On Apr 27, 2023, short shares totaled 12.74 million, which was 8.30% higher than short shares on Mar 30, 2023. In addition to EXPE as the firm’s Expedia Group, Inc., NXPI serves as its NXP Semiconductors N.V.
Through their ownership of 29.77% of EXPI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 52.79% of EXPI, in contrast to 15.77% held by mutual funds. Shares owned by individuals account for 13.67%. As the largest shareholder in EXPI with 6.74% of the stake, The Vanguard Group, Inc. holds 10,305,485 shares worth 10,305,485. A second-largest stockholder of EXPI, Copeland Capital Management LLC, holds 4,434,587 shares, controlling over 2.90% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in EXPI, holding 4,344,388 shares or 2.84% stake. With a 1.98% stake in EXPI, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 3,025,605 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.54% of EXPI stock, is the second-largest Mutual Fund holder. It holds 2,348,607 shares valued at 27.46 million. Vanguard Small Cap Index Fund holds 1.30% of the stake in EXPI, owning 1,992,462 shares worth 23.29 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EXPI reported revenue of $1.42B and operating income of $11.65M. The EBITDA in the recently reported quarter was $14.08M and diluted EPS was $0.06.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EXPI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EXPI analysts setting a high price target of $20.00 and a low target of $14.50, the average target price over the next 12 months is $17.25. Based on these targets, EXPI could surge 28.87% to reach the target high and fall by -6.57% to reach the target low. Reaching the average price target will result in a growth of 11.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, EXPI has a current ratio of $0.18, which is $0.18 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and EXPI currently yields $1.16. In the past year, EXPI’s dividend yield has been $1.16. Accordingly, EXPI has a current buyback yield of $7.53. This was $7.53 for the TTM, and it was $3.21 for the past five years.
Summary of Insider Activity:
Insiders traded EXPI stock several times over the past three months with 15 Buys and 6 Sells. In these transactions, 96,003 shares were bought while 195,768 shares were sold. The number of buy transactions has increased to 67 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 901,857 while 1,838,817 shares were sold.