Is Selling Reis, Inc. (REIS) Here a Winning Strategy? The Stock Formed Ascending Triangle Pattern

May 18, 2018 - By Joseph Arnett

Reis, Inc. (NASDAQ:REIS) Logo

The stock of Reis, Inc. (REIS) formed an ascending triangle with $19.38 target or 9.00 % below today’s $21.30 share price. The 5 months triangle pattern indicates high risk for the $246.44 million company. If the $19.38 price target is reached, the company will be worth $22.18M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.67% or $0.35 during the last trading session, reaching $21.3. About 59,108 shares traded or 172.35% up from the average. Reis, Inc. (NASDAQ:REIS) has risen 19.18% since May 18, 2017 and is uptrending. It has outperformed by 7.63% the S&P500.

Analysts await Reis, Inc. (NASDAQ:REIS) to report earnings on August, 7. They expect $0.01 earnings per share, down 66.67 % or $0.02 from last year’s $0.03 per share. REIS’s profit will be $115,697 for 532.50 P/E if the $0.01 EPS becomes a reality. After $-0.03 actual earnings per share reported by Reis, Inc. for the previous quarter, Wall Street now forecasts -133.33 % EPS growth.

Reis, Inc. (NASDAQ:REIS) Ratings Coverage

Among 2 analysts covering Reis Inc (NASDAQ:REIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Reis Inc had 2 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of Reis, Inc. (NASDAQ:REIS) has “Buy” rating given on Tuesday, May 8 by FBR Capital.

More important recent Reis, Inc. (NASDAQ:REIS) news were published by: Nasdaq.com which released: “Reis, Inc. to Announce First Quarter 2018 Results on Monday, May 7, 2018” on May 01, 2018, also Seekingalpha.com published article titled: “Reis’s (REIS) CEO Lloyd Lynford on Q1 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “Reis: Is Management Out Of Ideas?” on April 23, 2018. More interesting news about Reis, Inc. (NASDAQ:REIS) was released by: Globenewswire.com and their article: “Reis, Inc. Announces First Quarter 2018 Financial Results” with publication date: May 07, 2018.

Reis, Inc., through its subsidiary, Reis Services, provides commercial real estate market information and analytical tools to real estate professionals in the United States. The company has market cap of $246.44 million. It maintains a proprietary database containing information on commercial properties, including apartment, office, retail, warehouse/distribution, flex/research and development, self-storage, and seniors and student housing properties in the metropolitan markets and neighborhoods. It currently has negative earnings. The companyÂ’s data is used by real estate investors, lenders, and other professionals to make informed buying, selling, and financing decisions; and debt and equity investors to assess, quantify, and manage the risks of default and loss associated with individual mortgages, properties, portfolios, and real estate backed securities.

Reis, Inc. (NASDAQ:REIS) Ratings Chart

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