In the last trading session, 2.13 million The RealReal Inc. (NASDAQ:REAL) shares changed hands as the company’s beta touched 2.64. With the company’s per share price at $2.35 changed hands at -$0.1 or -4.08% during last session, the market valuation stood at $250.20M. REAL’s last price was a discount, traded about -25.11% off its 52-week high of $2.94. The share price had its 52-week low at $1.00, which suggests the last value was 57.45% up since then. When we look at The RealReal Inc.’s average trading volume, we note the 10-day average is 2.51 million shares, with the 3-month average coming to 4.03 million.
Analysts gave the The RealReal Inc. (REAL) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.40. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended REAL as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. The RealReal Inc.’s EPS for the current quarter is expected to be -$0.26.
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The RealReal Inc. (NASDAQ:REAL) trade information
Instantly REAL was in red as seen at the end of in last trading. With action -7.48%, the performance over the past five days has been red. The drop to weekly highs of 2.59 on Friday, 09/15/23 subtracted -4.08% to the stock’s daily price. The company’s shares are showing year-to-date upside of 88.00%, with the 5-day performance at -7.48% in the red. However, in the 30-day time frame, The RealReal Inc. (NASDAQ:REAL) is -1.26% down. Looking at the short shares, we see there were 11.33 million shares sold at short interest cover period of 2.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.11, meaning bulls need an upside of 24.44% from its current market value. According to analyst projections, REAL’s forecast low is $1.50 with $6.00 as the target high. To hit the forecast high, the stock’s price needs a -155.32% plunge from its current level, while the stock would need to tank 36.17% for it to hit the projected low.
The RealReal Inc. (REAL) estimates and forecasts
Data shows that the The RealReal Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 82.17% over the past 6 months, a 27.45% in annual growth rate that is considerably higher than the industry average of 6.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for The RealReal Inc. will rise 31.60%, while the growth in revenue is estimated to hit 55.20% for the next quarter. Year-over-year growth is forecast to reach -9.30% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $125.43 million. 9 analysts are of the opinion that The RealReal Inc.’s revenue for the quarter ending Dec 2023 will be $150 million. The company’s revenue for the corresponding quarters a year ago was $149.2 million and $159.66 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.90%. The estimates for the next quarter sales put growth at -6.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.30%. The 2023 estimates are for The RealReal Inc. earnings to increase by 20.70%, but the outlook for the next 5-year period is at 38.60% per year.
REAL Dividends
The RealReal Inc. is expected to release its next quarterly earnings report between November 06 and November 10.
The RealReal Inc. (NASDAQ:REAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.46% of The RealReal Inc. shares while 62.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.60%. There are 62.12% institutions holding the The RealReal Inc. stock share, with Woodson Capital Management, Lp the top institutional holder. As of Jun 29, 2023, the company held 4.80% of the shares, roughly 4.9 million REAL shares worth $10.88 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 4.53% or 4.63 million shares worth $10.28 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 3.06 million shares estimated at $6.79 million under it, the former controlled 3.00% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.39% of the shares, roughly 1.42 million shares worth around $3.15 million.