Reliance Global Group, Inc. (RELI)
| Market Cap | 1.59M |
| Revenue (ttm) | 13.88M |
| Net Income (ttm) | -15.57M |
| Shares Out | 418.17K |
| EPS (ttm) | -88.23 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 272,533 |
| Open | 4.360 |
| Previous Close | 4.660 |
| Day's Range | 3.758 - 4.430 |
| 52-Week Range | 3.487 - 86.190 |
| Beta | 0.34 |
| Analysts | Strong Buy |
| Price Target | 7.00 (+84.21%) |
| Earnings Date | Aug 8, 2024 |
About RELI
Reliance Global Group, Inc. focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. 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. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for RELI stock is "Strong Buy." The 12-month stock price forecast is $7.0, which is an increase of 84.21% from the latest price.
News
Reliance Global Group Announces Formation of New Real Estate Division Aimed at Expanding Operations
Abe Miller, Successful Real Estate Investor and M&A Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions Abe Miller, Successful Real Estate Investor and M&A ...
Reliance Global Group Announces Reverse Stock Split
LAKEWOOD, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that the Company's Board of Directors approved a...
Reliance Global Group Announces Withdrawal of Registration Statement
LAKEWOOD, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that it has withdrawn its previously filed regis...
Reliance Global Group Announces Major Enhancement of Capital Structure Following Cashless Exercise of Warrants
LAKEWOOD, N.J, June 20, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today announced that its final large institutional investor has r...
Reliance Global Group Provides Update on Pending Spetner Acquisition
Transformational acquisition expected to close in the second half of 2024 Projected to double Company's annualized revenue to approximately $28 million LAKEWOOD, N.J., June 18, 2024 (GLOBE NEWSWIRE) -...
Reliance Global Group Reports First Quarter 2024 Results and Provides Business Update
Definitive agreement to acquire Spetner Associates marks significant milestone in Company's evolution Expected to more than double current revenue to approximately $28 million and contribute meaningfu...
Reliance Global Group Announces Game-Changing Acquisition of Spetner Associates; Projected to Double Company's Revenue
Integration expected to drive significant EBITDA growth and shareholder value in 2024 Spetner's BenManage Benefits enrollment company serving over 75,000 Employees Reliance focused on building a leadi...
Reliance Global Group Inc.: Invitation to EF Hutton Annual Global Conference
Lakewood, New Jersey--(Newsfile Corp. - April 23, 2024) - Reliance Global Group Inc. (NASDAQ: RELI) (NASDAQ: RELIW) will be participating in the EF Hutton Annual Global Conference, which will take pla...
Reliance Global Group's Revenue Grows by 17% and 40% in 2023 Compared to 2022 and 2021, respectively
Acquisition letter of intent previously announced progresses to final stages of definitive agreement discussions Acquisition letter of intent previously announced progresses to final stages of definit...
Reliance Global Group Schedules Fourth Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, April 4,...
RELI Exchange Launches the Client Referral Portal into its Proprietary InsurTech Platform
LAKEWOOD, NJ, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance” or the “Company”), today announced that it has added the RELI Exchange Client Referral Po...
Reliance Global Group Provides Year-End Update on RELI Exchange
Reports more than 60% increase in total RELI Exchange policies following onboarding of Fortman Insurance under new “One-Firm” approach
Reliance Global Group Announces Letter of Intent for Most Significant Acquisition to Date
Post acquisition, Reliance's revenue expected to increase greater than 100% Attractive consolidated EBITDA returns expected for FY'24 and beyond LAKEWOOD, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Relia...
Reliance Global Group, Inc. Withdraws Proposed Underwritten Public Offering
Lakewood, NJ, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance Global Group” or the “Company”), which combines artificial intelligence (AI) and cloud-based techn...
Reliance Global Group, Inc. Announces Proposed Underwritten Public Offering
Lakewood, NJ, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance Global Group” or the “Company”), which combines artificial intelligence (AI) and cloud-based techn...
Reliance Global Group Embraces 'OneFirm' Approach for Future Growth
Consolidates All Reliance Owned Agencies Under the RELI Exchange Brand Anticipated Benefits Include Enhanced Efficiencies, Cross Talent Utilization, and Cross-Selling Reliance is Positioned for Seamle...
Reliance Global Group's Revenue Grows by 16% for the Third Quarter of 2023
Working Capital Increases by $5.4 million Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, NJ, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELI...
Reliance Global Group Schedules Third Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Monday, November 13...
Reliance Global Group Achieves 12% Increase in Revenue for the Second Quarter of 2023
Working Capital Increases by $6.8 million RELI Exchange Continuing to Grow its Network of Agency Partners Strategic Plan for Consolidation of Subsidiary Agencies Leading to Enhanced Market Presence Re...
Reliance Global Group Schedules Second Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, August 10...
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Reliance Global Group Achieves 29% Increase in Revenue for the First Quarter of 2023
RELI Exchange Continuing to Add New Agency Partners and Support Growth Company to Host Conference Call Today at 4:30 PM Eastern Time LAKEWOOD, N.J., May 18, 2023 (GLOBE NEWSWIRE) -- Reliance Global Gr...
Reliance Global Group Schedules First Quarter 2023 Financial Results and Business Update Conference Call
Lakewood, NJ, May 18, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced that it will host a conference call today, Thursday May 18, 20...
Reliance Global Group to Participate in the Inaugural EF Hutton Global Conference
Lakewood, NJ, May 04, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), announced today that its management team will be participating in The In...
Reliance Global Group, Inc. Announces Closing of $4.0 Million Private Placement
Lakewood, NJ , March 16, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI; RELIW) (“Reliance” or the “Company”), which combines artificial intelligence (AI) and cloud-based technolog...