In today’s recent session, 0.48 million shares of the Therealreal Inc (NASDAQ:REAL) have been traded, and its beta is 2.82. Most recently the company’s share price was $3.19, and it changed around $0.09 or 2.90% from the last close, which brings the market valuation of the company to $338.04M. REAL at last check was trading at a discount to its 52-week high of $4.64, offering almost -45.45% off that amount. The share price’s 52-week low was $1.26, which indicates that the recent value has risen by an impressive 60.5% since then. We note from Therealreal Inc’s average daily trading volume that its 10-day average is 1.68 million shares, with the 3-month average coming to 2.23 million.
Therealreal Inc (NASDAQ:REAL) trade information
Instantly REAL has been showing a green trend so far today with a performance of 2.90% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.83 on recent trading dayincreased the stock’s daily price by 16.71%. The company’s shares are currently up 58.71% year-to-date, but still down -11.39% over the last five days. On the other hand, Therealreal Inc (NASDAQ:REAL) is -7.54% down in the 30-day period. We can see from the shorts that 18.76 million shares have been sold at a short interest cover period of 7.25 day(s).
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The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 64.56% from its current value. Analyst projections state that REAL is forecast to be at a low of $2.75 and a high of $29.
Therealreal Inc (REAL) estimates and forecasts
Therealreal Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 76.24 percent over the past six months and at a 47.13% annual growth rate that is well above the industry average of 8.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 53.30% in revenue this quarter, and will report an increase of 46.70% in the next quarter. The year-over-year growth rate is expected to be 7.20%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 139.75M in revenue for the current quarter. 7 analysts expect Therealreal Inc to make 144.15M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 14.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.67%. Therealreal Inc earnings are expected to increase by 45.57% in 2024, but the outlook is positive 38.60% per year for the next five years.
REAL Dividends
Therealreal Inc’s next quarterly earnings report is expected to be released on 2024-Aug-06.
Therealreal Inc (NASDAQ:REAL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.90% of Therealreal Inc shares, and 69.52% of them are in the hands of institutional investors. The stock currently has a share float of 77.15%. Therealreal Inc stock is held by 194.0 institutions, with UBS GROUP AG being the largest institutional investor. By 2024-03-31, it held 4.9752% of the shares, which is about 5.17 million shares worth $20.22 million.
WOODSON CAPITAL MANAGEMENT, LP, with 4.8106% or 5.0 million shares worth $19.55 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
