In other words, the price has increased by $0.0000 from its previous closing price. On the day, 878683 shares were traded.
Ratios:
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 1.85 and its Current Ratio is at 1.85.
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 Mar 18 ’24 when Hyman Jennifer sold 155,405 shares for $0.35 per share. The transaction valued at 54,019 led to the insider holds 3,389,723 shares of the business.
Tam Sarah K sold 48,585 shares of RENT for $16,888 on Mar 18 ’24. The Chief Merchant Officer now owns 715,844 shares after completing the transaction at $0.35 per share. On Mar 18 ’24, another insider, Schembri Cara, who serves as the Chief Legal & Admin. Officer of the company, sold 47,419 shares for $0.35 each. As a result, the insider received 16,483 and left with 650,634 shares of the company.
Valuation Measures:
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 24.25M and an Enterprise Value of 268.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.90 whereas that against EBITDA is 9.25.
Stock Price History:
Over the past 52 weeks, RENT has reached a high of $3.46, while it has fallen to a 52-week low of $0.31. The 50-Day Moving Average of the stock is 0.4595, while the 200-Day Moving Average is calculated to be 0.9362.
Shares Statistics:
The stock has traded on average 856.26K shares per day over the past 3-months and 461.09k shares per day over the last 10 days, according to various share statistics. A total of 61.96M shares are outstanding, with a floating share count of 29.53M. Insiders hold about 57.59% of the company’s shares, while institutions hold 36.57% stake in the company. Shares short for RENT as of Feb 29, 2024 were 7.53M with a Short Ratio of 7.96, compared to 6.95M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.62% and a Short% of Float of 13.18%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.4, while EPS last year was -$0.4. The consensus estimate for the next quarter is -$0.28, with high estimates of -$0.22 and low estimates of -$0.38.
Analysts are recommending an EPS of between -$1.51 and -$1.71 for the fiscal current year, implying an average EPS of -$1.58. EPS for the following year is -$1, with 6 analysts recommending between -$0.73 and -$1.37.
Revenue Estimates
6 analysts predict $74.26M in revenue for the current quarter. It ranges from a high estimate of $75.34M to a low estimate of $73.5M. As of the current estimate, Rent the Runway Inc’s year-ago sales were $75.4M, an estimated decrease of -1.50% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $75.98M, an increase of 3.80% over than the figure of -$1.50% in the same quarter last year. There is a high estimate of $78.43M for the next quarter, whereas the lowest estimate is $73.2M.
Based on 6 analysts’ estimates, the company’s revenue will be $313.35M in the next fiscal year. The high estimate is $320.2M and the low estimate is $306.3M. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
