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Reliance Global Group Inc   (RELI)
Other Ticker:  
 
    Sector • Financial    Industry • Insurance Brokerage
   Industry • Insurance Brokerage
   Sector • Financial
 
Price: $2.2000 $0.08 3.774%
Day's High: $2.29 Week Perf: -2.23 %
Day's Low: $ 2.11 30 Day Perf: -20.29 %
Volume (M): 32 52 Wk High: $ 38.59
Volume (M$): $ 70 52 Wk Avg: $8.06
Open: $2.14 52 Wk Low: $2.05



 Market Capitalization (Millions $) 14
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) -23
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Reliance Global Group Inc
Reliance Global Group Inc is a diversified holding company that focuses on real estate, insurance, and technology sectors. The company's main objective is to grow its holdings through strategic acquisitions and partnerships. It operates through its subsidiary companies that engage in various activities, such as real estate development, insurance brokerage, software development, and data analytics. The company aims to provide innovative solutions and services in its respective industries to create value for its shareholders. Reliance Global Group Inc is headquartered in New York, United States.


   Company Address: 300 Blvd. of the Americas Lakewood 8701 NJ
   Company Phone Number: 380-4600   Stock Exchange / Ticker: NASDAQ RELI


   

Stock Performances by Major Competitors

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Stocks on the Move

Reliance Global Group Faces Challenges as Shares React to News and Financial Performance

Published Thu, Aug 15 2024 7:21 AM UTC

Reliance Global Group Inc. (NASDAQ: RELI) has seen its shares influenced by a series of events, including news announcements and its financial performance. This article aims to examine these events and their impact on the company's shares. Furthermore, we will discuss the company's recent financial records and its positioning within the financial sector. Event 1: Reliance Gl...
Stocks on the Move

Reliance Global Group Inc Faces Under-Performance Amidst Reverse Stock Split and New Real Estate Division Formation

Published Tue, Jul 2 2024 2:43 PM UTC

Reliance Global Group Inc (NASDAQ: RELI), a leading insurance technology company, has been experiencing under-performance in its shares over the past week. This dip in performance can be attributed to two significant developments, namely the company's recent reverse stock split and the announcement of a new real estate division. These events have impacted investor sentiment ...
Stock Market Announcement

Reliance Global Group Implements Reverse Stock Split to Regain Compliance with Nasdaq Listing Requirements

Published Wed, Jun 26 2024 1:16 PM UTC



In a bid to meet the stringent minimum bid price requirement for continued listing on The Nasdaq Capital Market, Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) recently announced that its Board of Directors has approved a reverse stock split. The move aims to address the company's noncompliance and strengthen its position in the market. Additionally, Reliance Gl...
Shares

Reliance Global Group, Inc. Announces Redemption of Institutional Warrants, Simplifying Capital Structure.

Published Thu, Jun 20 2024 12:30 PM UTC


In a recent press release, Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) announced that its final large institutional investor has redeemed all of its outstanding Series B and Series G warrants. This move has effectively simplified the company's capital structure, with no significant institutional warrant holders and no significant warrant overhang.
This develop...
Reliance Global Group Inc

Reliance Global Group Inc Faces Challenging Second Quarter as Revenue Takes an Unpleasant -24.036% Plunge

Over the last five trading days, Reliance Global Group Inc (NASDAQ: RGGI) has experienced a decline in its stock price by -8.7%. This downturn has contributed to the year-to-date performance of the stock, which currently stands at an impressive 349.92%. Despite this recent drop, the stock is still trading at 12.1% above its 52-week average.
The weak demand for Reliance Global Group Inc can be attributed to the rise in losses reported in their Jun 30, 2023 financial statement. The company's net loss per share increased from $8.61 to $-0.39 in comparison to the previous year. Additionally, their revenue decreased by -24.036% to $3.20 million from $4.21 million.
However, when comparing the first quarter revenue, the decline is lesser at -18.867% from $3.94 million. On a positive note, the company's earnings per share improved from $-0.59 per share. In the second quarter of 2023, Reliance Global Group Inc faced a net shortfall of $-1.055 million, which is a significant deviation from the $10.496 million bottom line reported in the same period the previous year.






Reliance Global Group Inc's Segments





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