RELI - Reliance Global Group Inc. Stock Price, Fair Value and News

0.25USD-0.01 (-3.85%)Market Closed

Market Summary

USD0.25-0.01

Market Closed

-3.85%

RELI Stock Price

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RELI RSI Chart

RELI Valuation

Market Cap

1.5M

Price/Earnings (Trailing)

-0.12

Price/Sales (Trailing)

0.11

Price/Free Cashflow

-1.7

RELI Price/Sales (Trailing)

RELI Profitability

Return on Equity

-168.04%

Return on Assets

-52.18%

Free Cashflow Yield

-58.84%

RELI Fundamentals

RELI Revenue

Revenue (TTM)

13.7M

Rev. Growth (Yr)

-55.36%

Rev. Growth (Qtr)

1.39%

RELI Earnings

Earnings (TTM)

-12.0M

Earnings Growth (Yr)

53.69%

Earnings Growth (Qtr)

-6.4K%

Breaking Down RELI Revenue

Last 7 days

-7.1%

Last 30 days

-27.8%

Last 90 days

-42.2%

Trailing 12 Months

-92.7%

How does RELI drawdown profile look like?

RELI Financial Health

Current Ratio

1.37

Debt/Equity

1.59

Debt/Cashflow

-0.07

RELI Investor Care

Shares Dilution (1Y)

3571.61%

Diluted EPS (TTM)

-14.41

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	17.0M	17.4M	17.9M	13.7M
2022	11.6M	12.3M	12.5M	17.3M
2021	7.6M	8.2M	9.1M	9.7M
2020	5.2M	5.9M	6.6M	7.3M
2019	0	0	0	4.5M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Reliance Global Group Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 27, 2023	brickman sheldon	acquired	-	-	36,000	-
Dec 27, 2023	markovits joel	acquired	-	-	125,000	chief financial officer
Dec 27, 2023	markovits joel	sold (taxes)	-29,877	0.48	-62,244	chief financial officer
Dec 27, 2023	korman scott	acquired	-	-	36,000	-
Dec 27, 2023	beyman yaakov	acquired	-	-	109,000	exec vp, insurance division
Dec 27, 2023	beyman yaakov	sold (taxes)	-26,587	0.49	-54,260	exec vp, insurance division
Dec 27, 2023	blumenfrucht alex	acquired	-	-	36,000	-
Dec 04, 2023	markovits joel	sold (taxes)	-83.75	0.67	-125	chief financial officer
Nov 03, 2023	markovits joel	sold (taxes)	-153	1.65	-93.00	chief financial officer
Oct 18, 2023	markovits joel	sold (taxes)	-248	2.07	-120	chief financial officer

Which funds bought or sold RELI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	122	-23,624	21,756	-%
Feb 14, 2024	Kestra Advisory Services, LLC	new	-	5,472	5,472	-%
Feb 14, 2024	TWO SIGMA SECURITIES, LLC	new	-	8,160	8,160	-%
Feb 14, 2024	CITADEL ADVISORS LLC	added	1.35	-616	839	-%
Feb 14, 2024	CITADEL ADVISORS LLC	new	-	11,571	11,571	-%
Feb 13, 2024	BlackRock Inc.	unchanged	-	-20,505	5,638	-%
Feb 13, 2024	ARMISTICE CAPITAL, LLC	new	-	84,704	84,704	-%

Are Funds Buying or Selling RELI?

Are funds buying RELI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RELI

No. of Funds

Unveiling Reliance Global Group Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	armistice capital, llc	9.99%	395,583	SC 13G
Feb 06, 2024	hudson bay capital management lp	0%	0	SC 13G/A
Feb 14, 2023	armistice capital, llc	4.99%	948,234	SC 13G/A
Feb 10, 2023	hudson bay capital management lp	9.99%	2,001,048	SC 13G/A
Feb 03, 2022	hudson bay capital management lp	9.99%	1,364,211	SC 13G

Recent SEC filings of Reliance Global Group Inc.

View All Filings

Date Filed	Form Type	Document
May 01, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 18, 2024	S-8	Employee Benefits Plan
Apr 10, 2024	8-K	Current Report
Apr 04, 2024	10-K	Annual Report
Apr 04, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Apr 01, 2024	NT 10-K	NT 10-K
Mar 13, 2024	8-K	Current Report

Peers (Alternatives to Reliance Global Group Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.57%	3113.19%	-4.8K	757.88	-10.27%	-34.69%
AJG	52.2B	10.6B	-2.76%	14.09%	47.77	4.91	20.42%	-6.05%
AIG	52.1B	48.4B	0.09%	52.07%	10.78	1.08	-4.15%	-20.63%
TRV	49.0B	42.9B	-5.91%	19.67%	15.6	1.14	13.52%	12.15%
AFL	47.3B	19.3B	-1.02%	24.79%	8.84	2.45	3.03%	17.35%
ACGL	35.3B	13.6B	4.02%	25.85%	7.95	2.59	41.83%	201.02%
AFG	10.7B	7.8B	-5.69%	10.10%	12.51	1.36	11.18%	-5.12%
MID-CAP
UNM	9.8B	12.6B	-4.53%	17.71%	7.41	0.78	4.24%	-13.40%
AIZ	9.1B	11.1B	-6.47%	32.20%	14.23	0.82	9.21%	132.28%
LNC	4.6B	11.9B	-13.38%	31.38%	3.39	0.38	-33.27%	234.43%
AEL	4.5B	2.8B	1.00%	46.26%	21.34	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.7B	1.2B	-3.91%	13.80%	-18.37	1.36	24.25%	-115.79%
AMSF	901.6M	308.9M	-2.15%	-14.90%	14.61	2.92	3.79%	10.94%
AMBC	662.6M	269.0M	-3.32%	-2.56%	147.24	2.46	-46.68%	-99.14%
AAME	38.4M	186.8M	-27.13%	-14.16%	-224.31	0.21	-0.56%	-111.21%

Reliance Global Group Inc. News

Latest updates

Reliance Global Group Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																			(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	1.4%	3,321	3,276	3,196	3,939	7,440	2,822	2,847	4,236	2,614	2,582	2,191	2,324	1,971	1,680	1,642	2,004	1,666	1,327	1,017
Operating Expenses	175.5%	12,978	4,711	5,034	4,832	24,325	4,157	4,620	5,309	3,462	3,057	3,296	2,809	2,672	2,772	2,667	2,812	3,317	1,854	1,376
S&GA Expenses	-124.9%	-340	1,368	1,704	1,358	1,637	1,117	1,630	2,334	627	755	1,202	1,004	885	1,117	1,083	1,121	1,846	726	480
Interest Expenses	-100.0%	-	4.00	-370	382	301	760	-194	105	106	-	233	117	-9.75	4.00	38.00	48.00	324	-6.42	-
Net Income	-6394.2%	-9,027	-139	-1,055	-1,788	-19,491	6,122	10,496	9,340	-18,612	-595	-1,276	-613	-331	-1,231	-1,138	-979	-346	-631	-426
Net Income Margin	30.5%	-0.87*	-1.26*	-0.93*	-0.27*	0.37*	0.59*	0.05*	-0.96*	-2.17*	-0.31*	-0.42*	-0.44*	-0.50*	-	-	-	-	-	-
Free Cashflow	-142.0%	-832	1,982	-948	-1,071	-1,025	-912	-976	-347	-995	189	-846	-646	986	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-27.4%	23,015	31,710	34,876	33,884	38,428	55,234	57,297	51,269	27,676	26,229	26,890	26,824	18,045	18,293	17,596	17,295	16,993	13,367	9,741	6,115	2,490
Current Assets	-6.8%	4,379	4,699	7,132	4,708	3,265	4,488	6,101	7,270	7,982	7,333	7,764	10,097	1,436	603	801	-	647	-	-	-	119
Cash Equivalents	-25.2%	1,329	1,777	1,275	2,116	505	1,615	2,980	5,491	4,136	5,655	6,348	9,432	45.00	13.00	270	233	7.00	61.00	84.00	-	12.00
Net PPE	-4.1%	140	146	149	156	163	199	164	147	130	90.00	76.00	326	79.00	418	489	-	592	-	-	-	57.00
Goodwill	-53.2%	6,693	14,287	14,287	14,287	14,287	33,486	33,486	29,249	10,050	9,750	9,750	8,762	8,762	9,265	8,549	-	8,045	-	-	1,218	1,706
Liabilities	-11.1%	15,868	17,847	21,849	21,649	29,517	26,868	35,369	40,016	53,742	13,464	13,677	12,717	18,108	18,070	17,229	16,790	16,351	12,960	9,570	6,180	2,790
Current Liabilities	-18.3%	3,190	3,904	4,865	5,451	7,842	7,971	9,470	7,835	44,981	2,059	1,559	2,033	6,884	6,551	5,362	-	4,668	-	-	-	1,169
Long Term Debt	-100.0%	-	11,381	11,712	12,036	12,350	12,641	12,936	6,860	7,085	7,325	7,538	7,678	7,886	8,090	8,197	-	8,271	-	-	-	1,621
LT Debt, Current	2.7%	1,391	1,354	1,329	1,235	1,119	1,027	936	918	914	891	890	963	963	963	963	-	1,011	-	-	-	91.00
LT Debt, Non Current	-3.1%	11,027	11,381	11,712	12,036	12,350	12,641	12,936	6,860	7,085	7,325	7,538	7,678	7,886	8,090	8,197	-	8,271	-	-	-	1,621
Shareholder's Equity	-48.4%	7,147	13,863	13,027	12,236	8,911	28,366	21,928	11,252	-26,066	12,465	12,914	13,957	237	223	368	1,057	747	1,938	-	-	-
Retained Earnings	-30.1%	-39,001	-29,974	-29,835	-28,780	-26,991	-7,500	-13,622	-24,118	-33,458	-14,845	-14,250	-12,973	-12,359	-12,133	-10,901	-	-8,783	-	-	-	-5,287
Additional Paid-In Capital	4.8%	45,740	43,640	42,687	40,881	35,798	35,762	35,466	35,305	27,329	26,188	26,042	25,992	11,559	11,136	10,056	-	8,217	-	-	-	4,682
Shares Outstanding	106.6%	4,762	2,304	2,053	155	1,220	1,070	1,069	981	730	654	617	503	283	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-141.7%	-830	1,990	-942	-1,064	-1,012	-866	-968	-343	-948	189	-846	-646	986	-1,207	-23.12	-223	-258	543	-	-	-
Share Based Compensation	2665.3%	768	28.00	35.00	44.00	17.00	314	179	740	82.00	146	169	352	407	220	449	395	-	-	-	-	-
Cashflow From Investing	49.3%	-8.39	-16.55	831	-96.30	340	-356	-6,233	-18,392	-335	-202	-	-	206	-951	-200	-1,000	-85*	-6,348	-	-	-
Cashflow From Financing	126.6%	391	-1,466	-763	2,806	-443	-149	5,624	20,090	-234	-679	-576	10,135	-1,163	1,899	399	1,318	188	6,006	-	-	-

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RELI Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenue
Commission income	$ 13,731,826	$ 11,761,882
Total revenue	13,731,826	11,761,882
Operating expenses
Commission expense	3,732,939	3,140,725
Salaries and wages	7,503,052	7,508,312
General and administrative	4,089,989	4,959,151
Marketing and advertising	364,974	170,311
Change in estimated acquisition earn-out payables	1,716,873	524
Depreciation and amortization	2,609,191	2,563,518
Goodwill impairment	7,594,000
Total operating expenses	27,611,018	18,342,541
Loss from operations	(13,879,192)	(6,580,659)
Other income (expense)
Other expense, net	6,530	(4,341)
Recognition and change in fair value of warrant liabilities	5,503,647	29,064,958
Total other income (expense)	3,853,924	28,142,591
Loss (income) from continuing operations before tax	(10,025,268)	21,561,932
Loss from discontinued operations before tax	(1,984,714)	(15,095,770)
Net (loss) income	$ (12,009,982)	$ 6,466,162
Basic (loss) earnings per share
Continuing operations	$ (4.46)	$ 13.36
Discontinued operations	(0.70)	(13.78)
Basic loss per share	(5.16)	(0.42)
Diluted (loss) earnings per share
Continuing operations	(4.46)	13.36
Discontinued operations	(0.70)	(13.78)
Diluted loss per share	$ (5.16)	$ (0.42)
Weighted average number of shares outstanding – Basic	2,820,275	1,094,781
Weighted average number of shares outstanding – Diluted	2,820,275	1,094,989
Nonrelated Party [Member]
Other income (expense)
Interest expense	$ (1,506,186)	$ (911,106)
Related Party [Member]
Other income (expense)
Interest expense	$ (150,067)	$ (6,920)

RELI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 1,329,016	$ 505,410
Restricted cash	1,409,895	1,404,359
Other receivables	899	11,464
Prepaid expense and other current assets	333,756	245,535
Current assets - discontinued operations		85,998
Total current assets	4,379,032	3,265,379
Property and equipment, net	139,999	162,767
Right-of-use assets	739,830	1,018,952
Investment in NSURE, Inc.		900,000
Intangibles, net	11,042,757	13,439,369
Goodwill	6,693,099	14,287,099
Other non-current assets	20,292	23,284
Other assets - discontinued operations		5,330,879
Total assets	23,015,009	38,427,729
Current liabilities:
Accounts payable and other accrued liabilities	835,483	951,382
Short term financing agreements	56,197	154,017
Other payables	7,414	101,113
Current portion of long-term debt	1,390,766	1,118,721
Current portion of leases payable	285,171	339,937
Earn-out liability, current portion	159,867	2,153,478
Current liabilities - discontinued operations		1,600,636
Total current liabilities	3,189,851	7,841,533
Long term debt, less current portion	11,026,971	12,349,673
Leases payable, less current portion	484,335	714,068
Earn-out liability, less current portion		556,000
Warrant liabilities	268,993	6,433,150
Total liabilities	15,867,679	29,516,690
Stockholders’ equity:
Preferred stock, $0.086 par value; 750,000,000 shares authorized and 0 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively
Common stock, $0.086 par value; 2,000,000,000 shares authorized and 4,761,974 and 1,219,573 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	409,509	104,883
Additional paid-in capital	45,739,786	35,798,139
Accumulated deficit	(39,001,965)	(26,991,983)
Total stockholders’ equity	7,147,330	8,911,039
Total liabilities and stockholders’ equity	23,015,009	38,427,729
Nonrelated Party [Member]
Current assets:
Accounts receivable	1,298,863	994,321
Related Party [Member]
Current assets:
Accounts receivable	6,603	18,292
Current liabilities:
Current portion of loans payables, related parties	454,953	1,422,249
Loans payable, related parties, less current portion	897,529	122,266
Convertible debt, related parties, less current portion		$ 1,500,000

About Reliance Global Group Inc.

Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and insurance brokerage products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.

CEO	Mr. Ezra Beyman
WEBSITE	relianceglobalgroup.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	78

Reliance Global Group Inc. Frequently Asked Questions

What is the ticker symbol for Reliance Global Group Inc.? What does RELI stand for in stocks?

RELI is the stock ticker symbol of Reliance Global Group Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Reliance Global Group Inc. (RELI)?

As of Thu May 02 2024, market cap of Reliance Global Group Inc. is 1.48 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RELI stock?

You can check RELI's fair value in chart for subscribers.

What is the fair value of RELI stock?

You can check RELI's fair value in chart for subscribers. The fair value of Reliance Global Group Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Reliance Global Group Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RELI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Reliance Global Group Inc. a good stock to buy?

The fair value guage provides a quick view whether RELI is over valued or under valued. Whether Reliance Global Group Inc. is cheap or expensive depends on the assumptions which impact Reliance Global Group Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RELI.

What is Reliance Global Group Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 02 2024, RELI's PE ratio (Price to Earnings) is -0.12 and Price to Sales (PS) ratio is 0.11. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RELI PE ratio will change depending on the future growth rate expectations of investors.