Rent the Runway Inc (RENT) Beta: Monthly Comparison and Analysis

Rent the Runway Inc (NASDAQ: RENT) closed the day trading at $0.41 down -5.35% from the previous closing price of $0.44. In other words, the price has decreased by -$0.0233 from its previous closing price. On the day, 517659 shares were traded.

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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 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 Feb 06 when Hyman Jennifer sold 9,287 shares for $0.49 per share. The transaction valued at 4,539 led to the insider holds 2,645,128 shares of the business.

Hyman Jennifer sold 73,379 shares of RENT for $35,714 on Feb 05. The Chair, CEO & President now owns 2,645,128 shares after completing the transaction at $0.49 per share. On Feb 05, another insider, Case Becky, who serves as the SVP, Engineering of the company, sold 20,225 shares for $0.49 each. As a result, the insider received 9,844 and left with 354,673 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 29.26M and an Enterprise Value of 273.16M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is 9.42.

Stock Price History:

Over the past 52 weeks, RENT has reached a high of $3.75, while it has fallen to a 52-week low of $0.42. The 50-Day Moving Average of the stock is 0.5851, while the 200-Day Moving Average is calculated to be 1.1589.

Shares Statistics:

Over the past 3-months, RENT traded about 1.04M shares per day on average, while over the past 10 days, RENT traded about 530.02k shares per day. A total of 61.96M shares are outstanding, with a floating share count of 33.06M. Insiders hold about 52.53% of the company’s shares, while institutions hold 36.52% stake in the company. Shares short for RENT as of Jan 31, 2024 were 6.95M with a Short Ratio of 6.68, compared to 6.25M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.88% and a Short% of Float of 12.15%.

Earnings Estimates

Current recommendations for the stock of the company come from 8 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 8 analysts recommending between -$0.73 and -$1.37.

Revenue Estimates

7 analysts predict $74.22M 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 -1.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $76.15M, an increase of 4.00% over than the figure of -$1.60% 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 8 analysts’ estimates, the company’s revenue will be $315.41M in the next fiscal year. The high estimate is $322.1M and the low estimate is $306.3M. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.

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