Reliance Global Group Inc
RELI
$0.29
Closing
▲4.00%
1D
▼-45.79%
YTD
Market cap
$1.66M
52 week high
$5.20
52 week low
$0.26
Volume
19,597
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Market cap
$1.66M
Analysts' Rating
BUY
Price Target (Mean)
7
Total Analysts
0
P/E
Operating Margin
-43.81%
Beta
Revenue Growth (Annual)
72.56%
52 week high
$5.20
52 week low
$0.26
Div. Yield
%
EPS Annual Growth
-88.20
Note on Purification and Zakat
- Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
- If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
- For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Reliance Global Group, Inc. is engaged in managing assets in the insurance markets, as well as other related sectors. The Company is focused on acquisition strategy, initially and primarily focused upon wholesale and retail insurance agencies. The Company’s insurance operation focuses on the acquisition and management of insurance agencies throughout the United States. Its primary focus is to undervalue wholesale and retail insurance agencies with operations in growing or underserved segments, including healthcare and Medicare, as well as personal and commercial insurance lines. The Company has also developed 5MinuteInsure.com (5MI), an online platform. 5MI is a business-to-consumer Website, which enables consumers to compare and purchase car and home insurance in a time-efficient and effective manner. The platform is primarily live in approximately 44 states and offers coverage with up to 16 carriers.
