Stocks like Therealreal Inc [REAL] still have plenty of sunny days ahead

In yesterday’s Wall Street session, Therealreal Inc (NASDAQ:REAL) shares traded at $2.15, up 7.50% from the previous session.

As of this writing, 11 analysts cover Therealreal Inc (NASDAQ:REAL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $2.00, we find $3.00. Given the previous closing price of $2.00, this indicates a potential upside of 50.0 percent. REAL stock price is now 11.27% away from the 50-day moving average and 22.12% away from the 200-day moving average. The market capitalization of the company currently stands at $219.60M.

There are 6 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.23 as their price target over the next twelve months.

With the price target enhanced from $1 to $1.85, BofA Securities Upgraded its rating from Underperform to Buy for Therealreal Inc (NASDAQ: REAL).

In other news, Koryl John E, Chief Executive Officer bought 43,251 shares of the company’s stock on Aug 25. The stock was bought for $99,477 at an average price of $2.30. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,793,251 shares in the company, valued at $6.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, President Sahi Levesque Rati sold 44,844 shares of the business’s stock. A total of $108,522 was realized by selling the stock at an average price of $2.42. This leaves the insider owning 1,019,889 shares of the company worth $2.19 million. Insiders disposed of 362,229 shares of company stock worth roughly $0.78 million over the past 1 year. A total of 21.59% of the company’s stock is owned by insiders.

Thursday morning saw Therealreal Inc (NASDAQ: REAL) opened at $2.0100. During the past 12 months, Therealreal Inc has had a low of $1.00 and a high of $2.94. The fifty day moving average price for REAL is $1.9323 and a two-hundred day moving average price translates $1.7606 for the stock.

The latest earnings results from Therealreal Inc (NASDAQ: REAL) was released for Sep, 2023. According to the Luxury Goods Company, earnings per share came in at -$0.3, beating analysts’ expectations of -$0.35 by 0.05. This compares to -$0.49 EPS in the same period last year. The company reported revenue of $133.17 million for the quarter, compared to $142.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.68 percent. For the current quarter, analysts expect REAL to generate $125.43M in revenue.

Therealreal Inc(REAL) Company Profile

The RealReal, Inc. operates an online marketplace for resale luxury goods in the United State. It offers various product categories, including women’s fashion, men’s fashion, jewelry, and watches. The company was incorporated in 2011 and is headquartered in San Francisco, California.

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