Therealreal Inc (NASDAQ: REAL) – Not A Clear Buying Opportunity?

Therealreal Inc (REAL) concluded trading on Wednesday at a closing price of $3.91, with 2.92 million shares of worth about $11.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 191.79% during that period and on May 01, 2024 the price saw a gain of about 2.36%. Currently the company’s common shares owned by public are about 104.67M shares, out of which, 80.40M shares are available for trading.

Stock saw a price change of 13.33% in past 5 days and over the past one month there was a price change of 8.91%. Year-to-date (YTD), REAL shares are showing a performance of 94.53% which increased to 258.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.00 but also hit the highest price of $4.10 during that period. The average intraday trading volume for Therealreal Inc shares is 3.62 million. The stock is currently trading 14.10% above its 20-day simple moving average (SMA20), while that difference is up 22.89% for SMA50 and it goes to 64.25% higher than SMA200.

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Therealreal Inc (NASDAQ: REAL) currently have 104.67M outstanding shares and institutions hold larger chunk of about 51.67% of that.

The stock has a current market capitalization of $409.34M and its 3Y-monthly beta is at 2.95. It has posted earnings per share of -$1.67 in the same period. It has Quick Ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REAL, volatility over the week remained 7.10% while standing at 6.33% over the month.

Analysts are in expectations that Therealreal Inc (REAL) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter EPS is -$0.17 and it is -$0.25 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.23 which is -$0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 43.72% while it is estimated to increase by 39.62% in next year. EPS is likely to grow at an annualized rate of 38.60% for next 5-years, compared to annual growth of -10.67% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on January 04, 2024 offering a Neutral rating for the stock and assigned a target price range of between $3.25 and $2.75 to it. Coverage by BofA Securities stated Therealreal Inc (REAL) stock as a Buy in their note to investors on June 29, 2023, suggesting a price target of $1.85 for the stock. Stock get a Market perform rating from Cowen on August 12, 2022.

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