The stock of The RealReal Inc. (NASDAQ:REAL) increased by $0.14 on Monday to finish at $2.48, up 5.98 percent. The last five days have seen an average of 2,842,040 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.23. The average number of shares traded over the last 20 days was 3,956,855, while the average volume over the last 50 days totaled 4,401,356.
REAL stock dropped -6.77% since last month. On 08/08/23, the company’s shares reached a one-month low of $2.06. The stock touched a high of $2.94 on 07/13/23, after rallying from a low of $1.00 in 52 weeks. The price of REAL stock has risen by 98.40% or $1.23 this year, reaching a new high 13 times. Still, the stock price is down -15.65% from the 52-week high.
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Insider Transactions
REAL stock investors should be aware that The RealReal Inc. (REAL) stock had its last reported insider trading activity 4 days ago on Aug 25. On Aug 25, Chief Executive Officer Koryl John E acquired 43,251 shares at $2.30 each. This transaction resulted in the insider spending $99,477. On Aug 17, Sahi Levesque Rati sold 44,844 shares at a price of US$2.42. After the transaction, the insider now owns 1,019,889 shares. President Sahi Levesque Rati had earlier sold 43,162 shares on Aug 16 for $2.41 a share. The transaction was completed for $104,075.
Financial Health
For the three months ended June 29, The RealReal Inc.’s quick ratio was 1.30, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 62.30% percent. The RealReal Inc.’s EBITDA margin for the year ended June 29 was -23.44%, whereas its operating margin stood at -35.80% for the same period. Based on annual data, it had gross profit of $348.69 million and revenue of $603.49 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. REAL’s return on assets (ROA) during the last 12 months has been -37.80%. There was a -67.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 101.00%.
Earnings Surprise
According to The RealReal Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $130.17 million, while revenues fell by -18.64% to $141.9 million. It was predicted that The RealReal Inc.’s quarterly earnings would be -$0.3, but it ended up being -$0.35, beating the consensus by 14.30%. EBITDA was -$28.34 million for the quarter. At the end of The RealReal Inc.’s most recent quarter ended June 29, its liabilities totaled 734.3 million, while its total debt was $584.1 million. Equity owned by shareholders amounts to $102.14 million.
Technical Picture
Here’s a quick look at The RealReal Inc.’s (REAL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 54.69%, suggesting the stock is Neutral, with a 94.89% historical volatility rate.
The stochastic %K and %D were 32.25% and 28.91% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 44.17%, the RSI (14) reading is 53.35%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.06.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on The RealReal Inc. (NASDAQ: REAL) to a Buy. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned The RealReal Inc. (REAL) an Hold rating. REAL is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is REAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $6.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for The RealReal Inc. (REAL) is $3.11.
