The stock of The RealReal, Inc. (NASDAQ:REAL) is now priced at $16.36 and the shares are -0.11 points down or -0.67% lower compared to its previous closing price of $16.47. The stock had 1.004 million contracts set over the past session. REAL shares’ daily volume is compared to its average trading volume at 2.268 million shares. However, it has a float of 72.46 million and although its performance was -7.41% over the week, it’s one to watch. Analysts have given the REAL stock a yearly average price target of $17.67 per share. It means the stock’s upside potential is 8.01% with the REAL share price recently placing at $16.265 to $16.86. However, some brokerage firms have priced the stock below the average, including one that has called $13.
The shorts are running away from the The RealReal, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the REAL shares have declined. Short interest in the stock represents just 16.78% of its float, but the volume has dropped by -2071815. The volume of shorted shares dropped to 12.16 million from 14.232 million shares over the last two weeks. The average intraday trading volume has been 2.42 million shares, which means that days to cover moved to roughly 5.024826.
In the last trading session, The RealReal, Inc. (NASDAQ:REAL) dropped by -$1.31 over the week and gained $2.72 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $24.51. The stock recorded its established 52-week high on 10/29/19.
Since 03/16/20, the stock has traded to a low of $5 at 227.2%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, The RealReal, Inc.’s two-week RSI is 53.5. This suggests that the stock is neutral at the moment and that REAL shares’ price movement remains stable. The stochastic readings are equally revealing at 49.07% meaning the REAL share price is currently in neutral territory.
The technical chart shows that the REAL stock will likely settle at between $16.73 and $17.09 per share. However, if the stock dips below $16.13, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $15.9.
Currently, the stock is trading in the red of MACD, with a reading of -0.61. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned REAL a rating of Buy in their intiating review released on June 09. B. Riley FBR analysts downgraded their recommendation of the stock from Buy to Neutral while keeping its target price at $6 in a flash note released to investors on April 03. Needham seeing the stock struggling downgraded it from Buy to Hold on March 23.
The average rating for the REAL equity is 2.08 and is currently gathering a bullish momentum. Of 13 analysts tracking The RealReal, Inc. polled by Reuters, 3 rated REAL as a hold. The remaining 10 analysts were split evenly. However, the split wasn’t equal as a majority (10) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands at 5.8 below the group’s average of 54.1. The RealReal, Inc. has its P/E ratio at 5.4, which means that the stock is currently trading at a discount relative to the 7.2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for The RealReal, Inc. (NASDAQ:REAL) will decrease by about -99.87%, which will see them reach $75.95 million. The company’s full-year revenues are, however, expected to diminish by about -2.97%, down from $318 million to $309 million. REAL’s expected adjusted earnings should surge almost 37.04% to end up at -$0.37 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -22.1% to record -$1.41/share.