Reliance Global Group, Inc. (RELI)

NASDAQ: RELI · IEX Real-Time Price · USD
0.870
-0.049 (-5.30%)
At close: Aug 19, 2022 4:00 PM
0.870
0.000 (-0.023%)
After-hours: Aug 19, 2022 7:56 PM EDT
-5.30%
Market Cap 14.32M
Revenue (ttm) 11.62M
Net Income (ttm) -11.14M
Shares Out 16.46M
EPS (ttm) -2.39
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 443,700
Open 0.920
Previous Close 0.919
Day's Range 0.850 - 0.920
52-Week Range 0.802 - 10.490
Beta -0.37
Analysts Buy
Price Target 7.14 (+720.5%)
Earnings Date May 12, 2022

About RELI

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 employee benefits insurance 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. [Read more...]

Industry Insurance Brokers
Founded 2013
Employees 3
Stock Exchange NASDAQ
Ticker Symbol RELI
Full Company Profile

Financial Performance

In 2021, RELI's revenue was $9.71 million, an increase of 33.07% compared to the previous year's $7.30 million. Losses were -$21.10 million, 473.1% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for RELI stock is "Buy." The 12-month stock price forecast is 7.14, which is an increase of 720.50% from the latest price.

Price Target
$7.14
(720.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Reliance Global Group Achieves 92% Increase in Revenue for the Second Quarter of 2022

RELI Exchange driving agency partner channel growth

Reliance Global Group Schedules Second Quarter 2022 Financial Results and Business Update Conference Call

LAKEWOOD, NJ, Aug. 11, 2022 (GLOBE NEWSWIRE) -- via  NewMediaWire --   Reliance Global Group, Inc.  (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI)...

Reliance Global Group to Present at the Q3 Investor Summit on August 16th

LAKEWOOD, NJ, Aug. 09, 2022 (GLOBE NEWSWIRE) -- via  NewMediaWire --   Reliance Global Group, Inc.  (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI)...

Reliance Global Group to Participate in the Benzinga All Access Event on July 22nd

LAKEWOOD, NJ, July 14, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) and ...

Reliance Global Group Launches RELI Exchange; Highly Scalable InsurTech Platform Expected to Accelerate Growth of Age...

Provides New Tools for Independent Agents and Agency Partners to Increase Sales and Reduce Back Office Expenses

Reliance Global Group Appoints Senior Corporate Finance Executive William Lebovics as Chief Financial Office

LAKEWOOD, NJ, May 31, 2022 (GLOBE NEWSWIRE) -- via  NewMediaWire --   Reliance Global Group, Inc.  (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), which combines artificial intelligence (AI) ...

Reliance Global Group Achieves 82% Increase in Revenue for the First Quarter of 2022

Continues Successful Execution of Growth Strategy through Key Acquisitions and Senior Management Appointments

Reliance Global Appoints Grant Barra Senior Vice President of Operations

Grant Barra to oversee expansion of the Agency Partner Network and introduction of new InsurTech to accelerate growth

Reliance Global Announces Acquisition of Barra & Associates, a Recognized Provider of Property and Casualty, Life and...

Barra operates a growing network with over 60 agents and agency partners

Reliance Global Group Reports 33% Increase in Revenue for 2021

Successfully integrates Medigap and actively pursuing additional acquisitions

Avoid Reliance Global Group Now, Its Not Good with Profitability

RELI stock is a speculative insurtech play that should be highly volatile in 2022 having weak fundamentals that weigh in now. The post Avoid Reliance Global Group Now, Its Not Good with Profitability ap...

Short Squeeze Stocks: PIXY, MBOT and 3 Others Experts Think Are Ready to Pop

These five top short squeeze stocks are among the stocks that are making positive moves today, as investors go cherry-picking for wins. The post Short Squeeze Stocks: PIXY, MBOT and 3 Others Experts Thi...

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5 Short Squeeze Candidates To Watch This Week: ShiftPixy Tops List, Trump SPAC Rejoins

Potential short squeeze plays gained steam in 2021 with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

Other symbols: PIXYDWACISIGMBOT

Short Squeeze Stocks: ISIG, PIXY and 3 Others Experts Think Are Ready to Pop

These five top short squeeze stocks are worth a close look from retail investors looking for opportunities in an otherwise down market. The post Short Squeeze Stocks: ISIG, PIXY and 3 Others Experts Thi...

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Reliance Global Is the Insurance Market Growth Play You're Missing

It's tempting to obsess over the short-squeeze possibilities with RELI stock, but investors should also consider the company's strengths. The post Reliance Global Is the Insurance Market Growth Play You...

Reliance Global Group Completes Acquisition of Medigap Health Insurance Company

Acquisition grows the Company's footprint across 47 states and expands offering within the Medicare supplement insurance market

Short Squeeze Stocks: ISIG, RELI and 3 Others Experts Think Are Ready to Pop

These five top short squeeze stocks are among the top speculative plays investors and traders are watching in today's market. The post Short Squeeze Stocks: ISIG, RELI and 3 Others Experts Think Are Rea...

Other symbols: AVCTISIGENSCPTPI

5 Short Squeeze Candidates To Watch: Insignia Systems, American Virtual Cloud Top List Again, Reliance Global Rejoins

Potential short squeeze plays gained steam in 2021 with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling.

Other symbols: AVCTISIGENSCPTPI

RELI Stock: 7 Things to Know About Heavily Shorted Reliance Global Group as Shares Surge Today

Here's what's behind the impressive rally investors are seeing in Reliance Global and RELI stock right now as this stock surges higher. The post RELI Stock: 7 Things to Know About Heavily Shorted Relian...

5 Short Squeeze Candidates To Watch: Biofrontera Rejoins And Tops List, 2 New Names Enter Leaderboard

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next huge move. GameStop Corp (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC) are two high-profile ex...

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Reliance Global Group Announces Pricing of $20.0 Million Private Placement with Institutional Investors

LAKEWOOD, NJ, Dec. 23, 2021 (GLOBE NEWSWIRE) -- via  NewMediaWire --  Reliance Global Group, Inc.  (Nasdaq: RELI; RELIW), which combines AI and cloud-based technologies with the personalized experience ...

Reliance Global Group Announces Definitive Agreement to Acquire Medigap Health Insurance Company

Acquisition Would Expand the Company's Presence into the Medicare Supplement Insurance Market

What's Going On With Reliance Global Group Shares Today?

Reliance Global Group Inc (NASDAQ: RELI) is soaring on abnormally-high volume Tuesday as traders highlight the stock's short squeeze potential. Reliance Global Group's average session volume is about 55...

RELI Stock Alert: 7 Things to Know as Reliance Group Rockets 100%

The little-known insurance company's share price is jumping higher as speculation swirls that RELI stock is being hit with a short squeeze. The post RELI Stock Alert: 7 Things to Know as Reliance Group ...

5 Short Squeeze Candidates To Watch: Petros Pharmaceuticals, iSpecimen Top The List Again

Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next huge movie. GameStop Corp (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC) are two high-profile e...

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