In the last trading session, 1.62 million shares of the Therealreal Inc (NASDAQ:REAL) were traded, and its beta was 2.78. Most recently the company’s share price was $3.34, and it changed around $0.11 or 3.41% from the last close, which brings the market valuation of the company to $362.39M. REAL currently trades at a discount to its 52-week high of $4.64, offering almost -38.92% off that amount. The share price’s 52-week low was $1.26, which indicates that the current value has risen by an impressive 62.28% since then. We note from Therealreal Inc’s average daily trading volume that its 10-day average is 1.47 million shares, with the 3-month average coming to 2.00 million.
Therealreal Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended REAL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Therealreal Inc is expected to report earnings per share of -0.1 for the current quarter.
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Therealreal Inc (NASDAQ:REAL) trade information
Instantly REAL has showed a green trend with a performance of 3.41% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.42 on recent trading dayincreased the stock’s daily price by 2.34%. The company’s shares are currently up 66.17% year-to-date, but still up 14.38% over the last five days. On the other hand, Therealreal Inc (NASDAQ:REAL) is 42.74% up in the 30-day period. We can see from the shorts that 19.66 million shares have been sold at a short interest cover period of 10.75 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 62.89% 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 fallen -6.44 percent over the past six months and at a 49.43% annual growth rate that is well above the industry average of -1.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report an increase of 57.10% in the next quarter. The year-over-year growth rate is expected to be 6.60%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 139.19M in revenue for the current quarter. 7 analysts expect Therealreal Inc to make 157.98M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 126.2M and 143.37M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 10.30%. Forecasts for the next quarter put sales growth at 10.20%.
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 45.81% 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 in November.
Therealreal Inc (NASDAQ:REAL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.89% of Therealreal Inc shares, and 77.39% of them are in the hands of institutional investors. The stock currently has a share float of 88.84%. Therealreal Inc stock is held by 197.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.5692% of the shares, which is about 6.91 million shares worth $22.05 million.
WOODSON CAPITAL MANAGEMENT, LP, with 4.9899% or 5.25 million shares worth $16.75 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
