The stock of Realogy Holdings Corp. (NYSE:RLGY) is now priced at $11.15 and the shares are -0.25 points down or -2.19% lower compared to its previous closing price of $11.4. The stock had 3.12 million contracts set over the past session. RLGY shares’ daily volume is compared to its average trading volume at 2.377 million shares. However, it has a float of 114 million and although its performance was 7.52% over the week, it’s one to watch. Analysts have given the RLGY stock a yearly average price target of $10.7 per share. It means the stock’s downside potential is -4.04% with the RLGY share price recently placing at $10.86 to $11.28. However, some brokerage firms have priced the stock below the average, including one that has called $8.
The shorts are running away from the Realogy Holdings Corp. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the RLGY shares have declined. Short interest in the stock represents just 12.15% of its float, but the volume has dropped by 0.
In the last trading session, Realogy Holdings Corp. (NYSE:RLGY) raised by $0.78 over the week and gained $3.1 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $13.88. The stock recorded its established 52-week high on 02/25/20.
Since 03/18/20, the stock has traded to a low of $2.09 at 433.49%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.94. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Realogy Holdings Corp.’s two-week RSI is 76.66. This suggests that the stock is oversold at the moment and that RLGY shares’ price movement remains not stable. The stochastic readings are equally revealing at 81.41% meaning the RLGY share price is currently in oversold territory.
The technical chart shows that the RLGY stock will likely settle at between $11.33 and $11.52 per share. However, if the stock dips below $10.91, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.68.
Currently, the stock is trading in the green of MACD, with a reading of 0.48. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Evercore ISI raised their recommendation for RLGY from In-line to Outperform in July 31 review while maintain their target price of $13. Compass Point analysts upgraded their recommendation of the stock from Neutral to Buy while keeping its target price at $10 in a flash note released to investors on April 29. Susquehanna seeing the improvements upgraded the stock from Negative to Neutral on March 10, placing it at $8.
The average rating for the RLGY equity is 2.83 and is currently gathering a bullish momentum. Of 6 analysts tracking Realogy Holdings Corp. polled by Reuters, 3 rated RLGY as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the RLGY stock price is 11.46X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Realogy Holdings Corp. (NYSE:RLGY) will increase by about 31.73%, which will see them reach $1590 million. The company’s full-year revenues are, however, expected to diminish by about -5.71%, down from $5600 million to $5280 million. RLGY’s expected adjusted earnings should surge almost 13.85% to end up at $0.74 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -29.41% to record $0.72/share.