Rent the Runway Inc (NASDAQ: RENT) closed the day trading at $0.35 up 0.99% from the previous closing price of $0.34. In other words, the price has increased by $+0.0034 from its previous closing price. On the day, 731027 shares were traded. RENT stock price reached its highest trading level at $0.3547 during the session, while it also had its lowest trading level at $0.3375.
Ratios:
For a better understanding of RENT, let’s 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 24.50M and an Enterprise Value of 268.40M. 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 9.26.
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 0.4565, while the 200-Day Moving Average is calculated to be 0.9273.
Shares Statistics:
Over the past 3-months, RENT traded about 858.57K shares per day on average, while over the past 10 days, RENT traded about 507.41k shares per day. A total of 61.96M shares are outstanding, with a floating share count of 30.09M. Insiders hold about 57.56% of the company’s shares, while institutions hold 35.92% stake in the company. Shares short for RENT as of Mar 15, 2024 were 6.81M with a Short Ratio of 7.93, compared to 6.7M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.61% and a Short% of Float of 11.93%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 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.
