Therealreal Inc (NASDAQ:REAL) price on Thursday, February 27, fall -4.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.53.
A look at the stock’s price movement, the close in the last trading session was $6.84. Turning to its 52-week performance, $11.38 and $1.56 were the 52-week high and 52-week low respectively. Overall, REAL moved -31.48% over the past month.
Therealreal Inc’s market cap currently stands at around $726.44 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 159.83M for the company’s revenue for the quarter, with a low and high estimate of 158.64M and 162.41M respectively. The average forecast suggests up to a 11.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 654.18M, representing a 8.94% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that REAL is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 3 recommend REAL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
REAL’s current price about -18.15% and -26.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.39, while 7-day volatility ratio is 10.48% and 7.52% in the 30-day chart. Further, Therealreal Inc (REAL) has a beta value of 3.01, and an average true range (ATR) of 0.60. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $4 and high of $15. Looking at the price targets, the low is 38.74% off current price level while to achieve the yearly target high, price needs to move -129.71%. Nonetheless, investors will most likely welcome a -45.48% jump to $9.5 which is the analysts’ median price.
If we refocus on Therealreal Inc (NASDAQ:REAL), historical trading data shows that trading volumes averaged 3.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 111.24 million shares.
The 22.77% of Therealreal Inc’s shares are in the hands of company insiders while institutional holders own 68.29% of the company’s shares. Current price change has pushed the stock -40.26% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the REAL stock continues to rise going into the next quarter.
