eXp World Holdings Inc. (NASDAQ: EXPI) stock fell -0.46% on Monday to $17.32 against a previous-day closing price of $17.40. With 0.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $17.61 whereas the lowest price it dropped to was $17.16. The 52-week range on EXPI shows that it touched its highest point at $25.39 and its lowest point at $9.96 during that stretch. It currently has a 1-year price target of $23.00. With its current market cap of 2.68 billion, EXPI has annualized dividend of $0.20 while the current yield stands at 1.15%. Beta for the stock currently stands at 2.77.
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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 down-trending over the past week, with a drop of -8.60%, but this was down by -13.70% over a month. Three-month performance dropped to -11.86% while six-month performance rose 46.16%. The stock gained 38.78% in the past year, while it has gained 56.32% so far this year. A look at the trailing 12-month EPS for EXPI yields 0.05 with Next year EPS estimates of 0.35. For the next quarter, that number is 0.05. This implies an EPS growth rate of -80.80% for this year and 160.90% 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, 153.25 million EXPI shares are outstanding with a float of 76.78 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.78 million, which was 11.58% higher than short shares on Jul 30, 2023. In addition to Mr. Glenn Darrel Sanford as the firm’s Founder, Chairman, CEO & Treasurer, Mr. Jeff Whiteside serves as its CFO & Chief Collaboration Officer.
Institutional Ownership:
Through their ownership of 28.02% of EXPI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 52.08% of EXPI, in contrast to 19.79% held by mutual funds. Shares owned by individuals account for 14.26%. As the largest shareholder in EXPI with 7.59% of the stake, The Vanguard Group, Inc. holds 11,649,164 shares worth 11,649,164. A second-largest stockholder of EXPI, BlackRock Fund Advisors, holds 10,623,814 shares, controlling over 6.92% of the firm’s shares. Copeland Capital Management LLC is the third largest shareholder in EXPI, holding 3,957,084 shares or 2.58% stake. With a 3.39% stake in EXPI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,207,706 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 2.09% of EXPI stock, is the second-largest Mutual Fund holder. It holds 3,206,232 shares valued at 61.62 million. Vanguard Total Stock Market ETF holds 1.57% of the stake in EXPI, owning 2,407,689 shares worth 46.28 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 Jun 29, 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.
Analysts Ratings:
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 $28.00 and a low target of $14.00, the average target price over the next 12 months is $23.00. Based on these targets, EXPI could surge 61.66% to reach the target high and fall by -19.17% to reach the target low. Reaching the average price target will result in a growth of 32.79% 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 $0.2, which is $0.2 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and EXPI currently yields $1.07. In the past year, EXPI’s dividend yield has been $1.07. Accordingly, EXPI has a current buyback yield of $6.71. This was $6.71 for the TTM, and it was $3.57 for the past five years.
Summary of Insider Activity:
Insiders traded EXPI stock several times over the past three months with 7 Buys and 8 Sells. In these transactions, 433,025 shares were bought while 534,889 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 656,034 while 2,103,106 shares were sold.
