Therealreal Inc (NASDAQ:REAL) shares traded 5.08% higher at $2.48 on Wall Street last session.
REAL stock price is now 31.24% away from the 50-day moving average and 35.24% away from the 200-day moving average. The market capitalization of the company currently stands at $256.31M.
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 $6.93 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 $2.53 million. Insiders disposed of 297,330 shares of company stock worth roughly $0.74 million over the past 1 year. A total of 21.29% of the company’s stock is owned by insiders.
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 $1.8896 and a two-hundred day moving average price translates $1.8338 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 -$0.15, beating analysts’ expectations of -$0.26 by 0.11. 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 $142.42M in revenue.
