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Financial Services - Insurance - Brokers - NASDAQ - US
$ 1.45
-8.8 %
$ 2.48 M
Market Cap
-0.02
P/E
1. INTRINSIC VALUE

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 ]

The intrinsic value of one RELI stock under the base case scenario is HIDDEN Compared to the current market price of 1.45 USD, Reliance Global Group, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart RELI

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FINANCIALS
13.7 M REVENUE
-18.05%
-13.9 M OPERATING INCOME
-89.46%
-12 M NET INCOME
-185.74%
-848 K OPERATING CASH FLOW
73.42%
710 K INVESTING CASH FLOW
102.88%
967 K FINANCING CASH FLOW
-96.15%
3.44 M REVENUE
6.44%
-512 K OPERATING INCOME
55.35%
-837 K NET INCOME
43.78%
0 OPERATING CASH FLOW
100.00%
0 INVESTING CASH FLOW
100.00%
0 FINANCING CASH FLOW
0.00%
Balance Sheet Decomposition Reliance Global Group, Inc.
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Current Assets 4.38 M
Cash & Short-Term Investments 1.33 M
Receivables 1.31 M
Other Current Assets 1.74 M
Non-Current Assets 18.6 M
Long-Term Investments 0
PP&E 880 K
Other Non-Current Assets 17.8 M
Current Liabilities 3.19 M
Accounts Payable 635 K
Short-Term Debt 2.19 M
Other Current Liabilities 367 K
Non-Current Liabilities 12.7 M
Long-Term Debt 12.4 M
Other Non-Current Liabilities 269 K
EFFICIENCY
Earnings Waterfall Reliance Global Group, Inc.
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Revenue 13.7 M
Cost Of Revenue 11.2 M
Gross Profit 2.5 M
Operating Expenses 16.4 M
Operating Income -13.9 M
Other Expenses -1.87 M
Net Income -12 M
RATIOS
18.18% GROSS MARGIN
18.18%
-101.07% OPERATING MARGIN
-101.07%
-87.46% NET MARGIN
-87.46%
-168.03% ROE
-168.03%
-52.18% ROA
-52.18%
-66.17% ROIC
-66.17%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Reliance Global Group, Inc.
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Net Income -12 M
Depreciation & Amortization 2.61 M
Capital Expenditures -190 K
Stock-Based Compensation 875 K
Change in Working Capital -317 K
Others 8.01 M
Free Cash Flow -1.04 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Reliance Global Group, Inc.
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RELI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Reliance Global Group, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
42.4 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
58.7 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 months ago
Jun 18, 2024
Sell 19 K USD
Markovits Joel
Chief Financial Officer
- 27000
0.7028 USD
4 months ago
Jun 18, 2024
Sell 11.7 K USD
Beyman Yaakov
Exec VP, Insurance Division
- 15000
0.7819 USD
4 months ago
Jun 26, 2024
Bought 8.5 K USD
Beyman Ezra
Chairman and CEO
+ 30000
0.2834 USD
4 months ago
Jun 18, 2024
Sell 11.7 K USD
Beyman Yaakov
Exec VP, Insurance Division
- 15000
0.7819 USD
5 months ago
May 30, 2024
Bought 50.2 K USD
Beyman Ezra
Chairman and CEO
+ 186000
0.27 USD
2 years ago
Aug 18, 2022
Bought 2.34 K USD
KORMAN SCOTT
Director
+ 177
13.2 USD
2 years ago
Sep 12, 2022
Bought 39.4 K USD
Beyman Ezra
Chairman and CEO
+ 49300
0.8 USD
2 years ago
Sep 01, 2022
Bought 7.9 K USD
Beyman Ezra
Chairman and CEO
+ 10000
0.79 USD
2 years ago
Aug 31, 2022
Bought 7.88 K USD
Beyman Ezra
Chairman and CEO
+ 10100
0.78 USD
2 years ago
Aug 30, 2022
Bought 11.6 K USD
Beyman Ezra
Chairman & CEO
+ 15000
0.77 USD
2 years ago
Aug 19, 2022
Bought 15.8 K USD
KORMAN SCOTT
director:
+ 20000
0.79 USD
2 years ago
Aug 23, 2022
Bought 15.8 K USD
KORMAN SCOTT
Director
+ 20000
0.79 USD
2 years ago
Aug 18, 2022
Bought 8.9 K USD
KORMAN SCOTT
Director
+ 10000
0.89 USD
2 years ago
Aug 18, 2022
Bought 7.25 K USD
Beyman Ezra
Chairman & CEO
+ 10000
0.725 USD
3 years ago
Oct 05, 2021
Bought 3.49 K USD
Beyman Ezra
CEO
+ 1273
2.74 USD
3 years ago
Oct 04, 2021
Bought 8 K USD
Reliance Global Holdings LLC
CEO
+ 3101
2.58 USD
3 years ago
Oct 01, 2021
Bought 4.82 K USD
Reliance Global Holdings LLC
CEO
+ 1897
2.54 USD
3 years ago
Sep 30, 2021
Bought 50.6 K USD
Reliance Global Holdings LLC
CEO
+ 19550
2.59 USD
7. News
Reliance Global Group, Inc. (RELI) Q3 2024 Earnings Call Transcript Reliance Global Group, Inc. (NASDAQ:RELI ) Q3 2024 Earnings Call November 7, 2024 4:30 PM ET Company Participants Ted Ayvas - Investor Relations Ezra Beyman - Chairman and Chief Executive Officer Joel Markovits - Chief Financial Officer Operator Good day and welcome to the Reliance Global Group Third Quarter Business Update Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Ted Ayvas, Investor Relations at Reliance Global. seekingalpha.com - 6 days ago
Reliance Global Group Schedules Third Quarter 2024 Financial Results and Business Update Conference Call Lakewood, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, November 7, 2024, at 4:30 PM Eastern Time to discuss financial results for the third quarter of 2024 and provide a business update. globenewswire.com - 1 week ago
Reliance Global Group Launches Beta Version of Advanced Quote & Bind InsurTech Solution for Commercial Policies, Ahead of Schedule New AI-powered feature launches early, positioning RELI Exchange for substantial premium growth and commission revenue boost New AI-powered feature launches early, positioning RELI Exchange for substantial premium growth and commission revenue boost globenewswire.com - 1 month ago
Top 3 Financials Stocks That May Rocket Higher This Quarter The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies. benzinga.com - 1 month ago
Reliance Global Group Announces Enhanced Terms for Pending Spetner Acquisition Cash required to close reduced by over $2 million Acquisition remains on track - anticipated to close in the second half of 2024 LAKEWOOD, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group , Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”) today provided an update on the pending acquisition of Spetner Associates, including a significant reduction in the upfront cash payment required to close the transaction. globenewswire.com - 2 months ago
Reliance Global Group Reports Second Quarter 2024 Results and Provides Business Update Spetner Associates Acquisition on Track to Close in Second Half of 2024; Projected to Double Annual Revenue to Approximately $28 Million and Boost AEBITDA globenewswire.com - 3 months ago
Reliance Global Group Schedules Second Quarter 2024 Financial Results and Business Update Conference Call Lakewood, NJ, July 19, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, July 25, 2024, at 4:30 PM Eastern Time to discuss financial results for the second quarter of 2024 and provide a business update. globenewswire.com - 3 months ago
Reliance Global Group Regains Compliance with Nasdaq Continued Listing Requirements LAKEWOOD, N.J., July 17, 2024 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), announced that the Company received notice from The Nasdaq Stock Market on July 16, 2024, indicating that Reliance had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2). globenewswire.com - 4 months ago
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 Executive, Joins Reliance to Oversee New Division and Advise on Future Real Estate Transactions globenewswire.com - 4 months ago
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 registration statement with the Securities and Exchange Commission, which was originally filed to register the potential shares issuable under the Series G warrants. As previously announced, the institutional investor holding the Series B and Series G warrants elected to convert all of their warrants into a reduced number of shares issued to the investor on a Rule 144 basis. globenewswire.com - 4 months ago
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 redeemed all of its outstanding Series B and Series G warrants. The Company now effectively has a much more simplified capital structure with no known significant institutional warrant holders and no significant warrant overhang. globenewswire.com - 4 months ago
Why Is Reliance Global (RELI) Stock Up 283% Today? Reliance Global (NASDAQ: RELI ) stock is rocketing higher on Tuesday after the wholesale and retail insurance agencies management company provided an acquisition update. Reliance Global says that it continues to make progress on its acquisition of Spetner Associates. investorplace.com - 4 months ago
8. Profile Summary

Reliance Global Group, Inc. RELI

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COUNTRY US
INDUSTRY Insurance - Brokers
MARKET CAP $ 2.48 M
Dividend Yield 0.00%
Description 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.
Contact 300 Boulevard of the Americas, Lakewood, NJ, 08701 https://www.relianceglobalgroup.com
IPO Date Feb. 9, 2021
Employees 67
Officers Rick Emig Head of Group Health Distribution Mr. Ezra Beyman Chief Executive Officer & Executive Chairman Ms. Julie A. Blockey Head of Group Distribution Government Contracts Brandon Johnson Head of Personal Lines, Property & Casualty Distribution Mr. Joel Markovits CPA Chief Accounting Officer, Chief Financial Officer & Financial Reporting Manager Mr. Grant Barra Senior Vice President of Operations Mr. Michael Dobek Head of RELI Exclusive Distribution Network Mr. Yaakov Beyman Executive Vice President of Insurance Division Mr. Jonathan Fortman Vice President of Acquisitions Miriam Spitz Director of Treasury Services