Therealreal Inc (NASDAQ:REAL) Drops -2.97%, But A Strong Recovery May Be Imminent

In last trading session, Therealreal Inc (NASDAQ:REAL) saw 2.21 million shares changing hands with its beta currently measuring 2.87. Company’s recent per share price level of $2.61 trading at -$0.08 or -2.97% at ring of the bell on the day assigns it a market valuation of $283.18M. That closing price of REAL’s stock is at a discount of -77.78% from its 52-week high price of $4.64 and is indicating a premium of 51.72% from its 52-week low price of $1.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.22 million shares which gives us an average trading volume of 2.29 million if we extend that period to 3-months.

For Therealreal Inc (REAL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Therealreal Inc (NASDAQ:REAL) trade information

Upright in the red during last session for losing -2.97%, in the last five days REAL remained trading in the green while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $2.61 price level, adding 7.45% to its value on the day. Therealreal Inc’s shares saw a change of 29.85% in year-to-date performance and have moved 9.66% in past 5-day. Therealreal Inc (NASDAQ:REAL) showed a performance of -30.31% in past 30-days. Number of shares sold short was 19.05 million shares which calculate 11.2 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 71.0% to its current value. Analysts have been projecting 2.75 as a low price target for the stock while placing it at a high target of 29. It follows that stock’s current price would drop -5.36% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.36% for stock’s current value.

Therealreal Inc (REAL) estimates and forecasts

Statistics highlight that Therealreal Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 39.57% of value to its shares in past 6 months, showing an annual growth rate of 49.43% while that of industry is 2.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.67% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 47.05% while estimates for its earnings growth in next 5 years are of 38.60%.

Therealreal Inc (NASDAQ:REAL)’s Major holders

Insiders are in possession of 9.68% of company’s total shares while institution are holding 75.34 percent of that, with stock having share float percentage of 83.42%. Investors also watch the number of corporate investors in a company very closely, which is 75.34% institutions for Therealreal Inc that are currently holding shares of the company. UBS GROUP AG is the top institutional holder at REAL for having 5.17 million shares of worth $20.22 million. And as of 2024-03-31, it was holding 4.9752 of the company’s outstanding shares.

The second largest institutional holder is WOODSON CAPITAL MANAGEMENT, LP, which was holding about 5.0 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.8106 of outstanding shares, having a total worth of $19.55 million.