Rent the Runway Inc. (NASDAQ: RENT) closed the day trading at $2.37 down -5.58% from the previous closing price of $2.51. In other words, the price has decreased by -$0.1400 from its previous closing price. On the day, 520698 shares were traded. RENT stock price reached its highest trading level at $2.5500 during the session, while it also had its lowest trading level at $2.3200.
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For a better understanding of RENT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 2.90.
Upgrades & Downgrades
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 May 03 when Hyman Jennifer sold 9,385 shares for $2.27 per share. The transaction valued at 21,351 led to the insider holds 1,329,369 shares of the business.
Donato Brian sold 4,585 shares of RENT for $10,729 on May 03. The Chief Revenue Officer now owns 771,635 shares after completing the transaction at $2.34 per share. On May 03, another insider, Salinas Anushka, who serves as the President & COO of the company, sold 4,032 shares for $2.34 each. As a result, the insider received 9,435 and left with 1,267,972 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RENT now has a Market Capitalization of 204.82M and an Enterprise Value of 365.52M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is 77.77.
Stock Price History:
Over the past 52 weeks, RENT has reached a high of $5.74, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is 2.6437, while the 200-Day Moving Average is calculated to be 2.9905.
Over the past 3-months, RENT traded about 671.85K shares per day on average, while over the past 10 days, RENT traded about 352.78k shares per day. A total of 64.97M shares are outstanding, with a floating share count of 58.22M. Insiders hold about 5.30% of the company’s shares, while institutions hold 75.90% stake in the company. Shares short for RENT as of May 14, 2023 were 6.7M with a Short Ratio of 6.83M, compared to 7.48M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.07% and a Short% of Float of 12.72%.
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of -$0.49 for the current quarter, with a high estimate of -$0.43 and a low estimate of -$0.57, while EPS last year was -$0.67. The consensus estimate for the next quarter is -$0.45, with high estimates of -$0.37 and low estimates of -$0.5.
Analysts are recommending an EPS of between -$1.5 and -$1.97 for the fiscal current year, implying an average EPS of -$1.75. EPS for the following year is -$1.49, with 8 analysts recommending between -$1.1 and -$1.91.
7 analysts predict $73.19M in revenue for the current quarter. It ranges from a high estimate of $73.8M to a low estimate of $72.9M. As of the current estimate, Rent the Runway Inc.’s year-ago sales were $67.1M, an estimated increase of 9.10% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $81.01M, an increase of 5.90% less than the figure of $9.10% in the same quarter last year. There is a high estimate of $84.2M for the next quarter, whereas the lowest estimate is $78M.
A total of 9 analysts have provided revenue estimates for RENT’s current fiscal year. The highest revenue estimate was $327.5M, while the lowest revenue estimate was $323.21M, resulting in an average revenue estimate of $325.68M. In the same quarter a year ago, actual revenue was $296.4M, up 9.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $382.6M in the next fiscal year. The high estimate is $393.6M and the low estimate is $358.6M. The average revenue growth estimate for next year is up 17.50% from the average revenue estimate for this year.