RELI Stock Earnings Reliance Global Group Misses Revenue for Q2 2024
RELI Stock | USD 1.60 0.04 2.44% |
Under 52% of Reliance Global's investor base is interested to short. The analysis of the overall prospects from investing in Reliance Global Group suggests that many traders are, at the present time, impartial. Reliance Global's investing sentiment shows overall attitude of investors towards Reliance Global Group.
Reliance |
RELI stock results show that Reliance Global Group missed on revenue for the second quarter of 2024.
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Reliance Global Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Reliance Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Reliance Global Fundamental Analysis
We analyze Reliance Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Reliance Global is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Reliance Global Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Reliance Global stock to make a market-neutral strategy. Peer analysis of Reliance Global could also be used in its relative valuation, which is a method of valuing Reliance Global by comparing valuation metrics with similar companies.
Peers
Reliance Global Related Equities
SLQT | Selectquote | 3.11 | ||||
WTW | Willis Towers | 1.05 | ||||
MMC | Marsh McLennan | 0.19 | ||||
BRO | Brown Brown | 0.22 | ||||
TIRX | Tian Ruixiang | 0.57 | ||||
AJG | Arthur J | 0.82 | ||||
AON | Aon PLC | 0.92 | ||||
ERIE | Erie Indemnity | 1.50 | ||||
HUIZ | Huize Holding | 1.75 | ||||
EHTH | EHealth | 3.70 | ||||
GOCO | GoHealth | 4.08 |
Complementary Tools for Reliance Stock analysis
When running Reliance Global's price analysis, check to measure Reliance Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.
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