• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Market Analysis Latest ASX News

Redbubble Share Price Continues to Climb (ASX:RBL)

Like 0

By Carl Wittkopp, Friday, 07 August 2020

The RBL share price is soaring up to $3.38 at the time of writing, Redbubble Ltd [ASX:RBL] is making gains where others are falling apart. The Melbourne based online retailer is yet another example of a company doing well during the current crisis...

The Melbourne based online retailer is yet another example of a company doing well during the current crisis.

The RBL share price is soaring up to $3.38 at the time of writing, Redbubble Ltd [ASX:RBL] is making gains where others are falling apart.

ASX RBL Share Price Chart 1 - Redbubble Shares

Source: Optuma

What’s happening at Redbubble?

Redbubble specialise in connecting independent artists with customers through their global website.

Through their website they now have 700,000 artists with millions of customers, making everything from iPhone cases to t-shirts and everything in between.

A quick look at their sleek website shows that there is a near endless array of creative designs, something to please everyone.

In the current climate of COVID-19, with many people being locked at home, it makes sense that they would be looking for things to do, like decorate their homes, and Redbubble is a great place to find art.

Along with this, when on the Redbubble site there is now a section just for masks, of all different colours and patterns.

Obviously, these items are in very high demand right now.

All this combined pushed Redbubble’s share price to a new all-time high and gave the company some fantastic results:

  • ‘July Marketplace Revenue of $49 million, up 132% (133% on a constant currency basis)
  • ‘4Q2020 Marketplace Revenue of $122 million, up 107% (97% on a constant currency basis)
  • ‘Y2020 Marketplace Revenue of $368 million, up 43% (36% on a constant currency basis).’

As global online sales continue to grow, online retailers like Redbubble are perfectly placed to capitalise on current events.

Where to from here for Redbubble?

With no slowdown in sight for the COVID-19 pandemic in the short term, sales should continue to be strong for the company while people are stuck at home.

Redbubble Share Price Chart - ASX RBL Shares

Source: Optuma

Looking at the chart, we can see that since the low in March 2020, the RBL share price rose over 744% to $3.38 at time of writing.

This move up is still taking place on reasonably strong volume. Should the move up continue, then the level of $3.76 may provide future resistance.

On the downside, Redbubble is currently trading near the resistance level of $3.40.

If this proves strong enough to turn the price around, then the levels of $3.15 and $2.85 may become the future focus.

 

Regards,

Carl Wittkopp,
For Money Morning

PS: RBL is one of our four well-positioned small-cap stocks: these innovative Aussie companies are well placed to capitalise on post-lockdown megatrends. Click here to learn more.

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Comments

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
Carl Wittkopp

Carl’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • Critical Metal Stocks: Following the Iron Ore Playbook
    By James Cooper

    How does inconceivable capex find its way into new mining projects? Answer: Higher commodity prices. James Cooper compares the iron ore boom from the early 2000s to what may lie ahead for critical minerals.

  • Copper traders: gettin’ jiggy with it
    By Callum Newman

    Copper has now broken into an all time high after threatening to do so for some time. There’s no reason to think it’s going to go down, either, if the market views Trump as serious. The race is on to buy up what you can before the tariff goes into effect.

  • Australia ain’t the USA…and that’s great!
    By Callum Newman

    The outlook for Australia and the ASX are very different to the US and US shares. Here’s why…

Primary Sidebar

Latest Articles

  • Critical Metal Stocks: Following the Iron Ore Playbook
  • Copper traders: gettin’ jiggy with it
  • Australia ain’t the USA…and that’s great!
  • The biggest infrastructure spending boom in history just kicked off
  • You Read it Here First: Great Asset Rotation Underway

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988