7 C
New York
Wednesday, March 22, 2023

RealReal, Inc. (REAL) Stock Declined on Wednesday, Here’s the Reason

RealReal, Inc. (REAL), an online marketplace for consigned luxury goods, has slightly increased by 0.97% in the premarket trading session. Consequently, REAL stock is trading at $11.48 at the time of the writing. On Wednesday, the REAL stock closed the day at $11.37 after declining 7.94% during the regular trading session. The decline came after the company announced its monthly business update.

REAL Monthly Business Update

On Wednesday, REAL announced its monthly business update for December. The Gross Merchandise Value (GMV) for the month stood at $153 million. That depicts an increase of 40% from the same period of 2020. The Average Order Value (AOV) for December stood at $518. That depicts an increase of 10% when compared with the same period of 2020. The fastest-growing categories for December were Watches, Women Shoes and Women Apparels.


From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".

Sponsored


Q3 2021 Operational Results

On 8th November, REAL released the operational results for the third quarter of the fiscal year 2021. The quarter ended on 30th September. The company generated total revenue of $118.3 million during the quarter against $77.7 million for the same period of 2020. The total operating expenses for the three months were $122.2 million against $91.1 million for the same period of 2020. The net loss for the three months was $57.19 million (or $0.62 per basic and diluted share) against $43.5 million (or $0.50 per basic and diluted share) for the same three-month period of 2020.

Executive Commentary

While commenting on the results, Julie Wainwright, founder, and CEO of REAL said that the company is pleased to announce some strong quarterly results. The business of the company is in an excellent position and the positive momentum is expected to continue in the upcoming months as well. The company is starting to see the benefits of its previous investments which would create leverage.

Future Outlook for REAL

During the last month, the REAL stock has declined more than 14%. But analysts are optimistic that the stock is in a good shape to attract investors in the upcoming times months. Hence, potential investors should keep a close eye on the performance of the stock.

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here