Last Updated: 14 Sep 2024
Executive Summary
eXp World Holdings Inc. (EXPI) is a cloud-based real estate brokerage company that has experienced significant growth in recent years. The company has a strong financial position with positive EBITDA and revenue growth. However, the company is currently unprofitable and has a high debt-to-equity ratio. The stock price has been volatile in recent months, but it has outperformed the broader market over the past year.
Company Overview
eXp World Holdings Inc. was founded in 2009 and is headquartered in Bellingham, Washington. The company provides cloud-based real estate brokerage services to residential home owners and buyers in the United States, Canada, United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. The company's platform allows agents to work remotely and collaborate with each other. eXp World Holdings Inc. also provides training and support to its agents.
Fundamental Analysis
eXp World Holdings Inc. has a strong financial position with positive EBITDA and revenue growth. The company's revenue has grown from $1.4 billion in 2019 to $4.4 billion in 2023. The company's EBITDA has also grown from $29 million in 2019 to $71 million in 2023. However, the company is currently unprofitable and has a high debt-to-equity ratio. The company's net loss was $102 million in 2023 and its debt-to-equity ratio is 1.5.
Technical Analysis
The stock price of eXp World Holdings Inc. has been volatile in recent months. The stock price reached a high of $17.54 in January 2023 and a low of $8.84 in March 2023. The stock price is currently trading at $14.28. The stock's 50-day moving average is $12.63 and its 200-day moving average is $12.18. The stock's relative strength index (RSI) is 50. This indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for eXp World Holdings Inc. is mixed. The company has a strong financial position and is growing rapidly. However, the company is currently unprofitable and has a high debt-to-equity ratio. The stock price has been volatile in recent months and is currently trading below its 50-day and 200-day moving averages. The RSI is also neutral. This indicates that the stock could move in either direction in the short term.
Long Term Outlook
The long-term outlook for eXp World Holdings Inc. is positive. The company is a leader in the cloud-based real estate brokerage industry. The company's platform is innovative and has the potential to disrupt the traditional real estate brokerage model. The company is also growing rapidly and has a strong financial position. However, the company is currently unprofitable and has a high debt-to-equity ratio. This could limit the company's growth in the long term.
Analyst Recommendations
The consensus analyst recommendation for eXp World Holdings Inc. is "Hold". One analyst has a "Strong Buy" rating, three analysts have a "Hold" rating, and no analysts have a "Sell" rating. The average analyst target price is $14.75.
