An investigation into Rent the Runway Inc. (NASDAQ:RENT)’s technical aspects

In other words, the price has increased by $0.0000 from its previous closing price. On the day, 1060332 shares were traded.

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Our goal is to gain a better understanding of RENT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.20 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 38.00.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 02 when Donato Brian sold 10,098 shares for $1.81 per share. The transaction valued at 18,303 led to the insider holds 537,995 shares of the business.

Schembri Cara sold 893 shares of RENT for $1,619 on Nov 02. The GC & Secretary now owns 203,001 shares after completing the transaction at $1.81 per share. On Nov 02, another insider, Salinas Anushka, who serves as the President & COO of the company, sold 6,261 shares for $1.81 each. As a result, the insider received 11,348 and left with 564,683 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 11.27.

Stock Price History:

Over the past 52 weeks, RENT has reached a high of $18.46, while it has fallen to a 52-week low of $1.20. The 50-Day Moving Average of the stock is 2.1150, while the 200-Day Moving Average is calculated to be 4.2348.

Shares Statistics:

The stock has traded on average 1.11M shares per day over the past 3-months and 1.25M shares per day over the last 10 days, according to various share statistics. A total of 64.08M shares are outstanding, with a floating share count of 58.84M. Insiders hold about 5.30% of the company’s shares, while institutions hold 76.30% stake in the company. Shares short for RENT as of Oct 13, 2022 were 5.84M with a Short Ratio of 6.04M, compared to 5.77M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.02% and a Short% of Float of 14.32%.

Earnings Estimates

Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of -$0.56 for the current quarter, with a high estimate of -$0.53 and a low estimate of -$0.62, while EPS last year was -$6.72. The consensus estimate for the next quarter is -$0.51, with high estimates of -$0.45 and low estimates of -$0.56.

Analysts are recommending an EPS of between -$2.19 and -$2.36 for the fiscal current year, implying an average EPS of -$2.26. EPS for the following year is -$1.91, with 11 analysts recommending between -$1.6 and -$2.28.

Revenue Estimates

9 analysts predict $73.13M in revenue for the current quarter. It ranges from a high estimate of $74M to a low estimate of $71.3M. As of the current estimate, Rent the Runway Inc.’s year-ago sales were $56.18M, an estimated increase of 30.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $71.66M, an increase of 11.80% less than the figure of $30.20% in the same quarter last year. There is a high estimate of $72.4M for the next quarter, whereas the lowest estimate is $70.5M.

A total of 10 analysts have provided revenue estimates for RENT’s current fiscal year. The highest revenue estimate was $290M, while the lowest revenue estimate was $286.8M, resulting in an average revenue estimate of $288.55M. In the same quarter a year ago, actual revenue was $203.3M, up 41.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $344.67M in the next fiscal year. The high estimate is $379.13M and the low estimate is $305.3M. The average revenue growth estimate for next year is up 19.40% from the average revenue estimate for this year.