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Resaas Services ( (TSE:RSS) ) has issued an update.
Savills has chosen RESAAS Services Inc. to power residential referrals across its new global referral platform, under a one-year agreement that renews automatically and provides RESAAS with setup and configuration fees, technology integration fees and a recurring monthly enterprise license fee. The mandate from Savills, a major international real estate firm, reinforces RESAAS’s positioning as a key technology provider in cross-border real estate referrals and data exchange, and is expected to deepen its enterprise footprint and recurring revenue base in the global property market.
The most recent analyst rating on (TSE:RSS) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on Resaas Services stock, see the TSE:RSS Stock Forecast page.
Spark’s Take on TSE:RSS Stock
According to Spark, TipRanks’ AI Analyst, TSE:RSS is a Neutral.
The score is held back primarily by weak financial fundamentals (persistent losses, negative cash flow, and negative equity). Technical signals are moderately supportive with price above key moving averages and positive MACD, while valuation remains constrained by a negative P/E. Recent corporate events are positive and improve the outlook, but they do not fully offset the balance-sheet and profitability risks.
To see Spark’s full report on TSE:RSS stock, click here.
More about Resaas Services
RESAAS Services Inc. is an award-winning technology company serving the global residential and commercial real estate industry. Its platform is used by more than 600,000 residential real estate agents in 160 countries to access real estate data, international referrals and coming-soon listings, while major commercial brokerages and institutions use RESAAS as a secure data exchange with designated third parties.
Average Trading Volume: 27,968
Technical Sentiment Signal: Buy
Current Market Cap: C$34.82M
For a thorough assessment of RSS stock, go to TipRanks’ Stock Analysis page.