As of close of business last night, Rent the Runway Inc’s stock clocked out at $12.57, down -14.61% from its previous closing price of $14.72. On the day, 1820744 shares were traded.
Ratios:
To gain a deeper understanding of RENT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15.
Stock Price History:
Over the past 52 weeks, RENT has reached a high of $64.10, while it has fallen to a 52-week low of $4.46.
Shares Statistics:
A total of 3.10M shares are outstanding, with a floating share count of 1.50M. Insiders hold about 57.56% of the company’s shares, while institutions hold 35.92% stake in the company.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$6.47 for the current quarter, with a high estimate of -$4.53 and a low estimate of -$8.31, while EPS last year was -$9.2. The consensus estimate for the next quarter is -$4.61, with high estimates of -$2.16 and low estimates of -$6.47.
Analysts are recommending an EPS of between -$10.9 and -$26.03 for the fiscal current year, implying an average EPS of -$19.03. EPS for the following year is -$19.12, with 3 analysts recommending between -$11.17 and -$24.98.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $74.01M. It ranges from a high estimate of $74.83M to a low estimate of $73.2M. As of the current estimate, Rent the Runway Inc’s year-ago sales were $73.19M, an estimated increase of 1.10% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for RENT’s current fiscal year. The highest revenue estimate was $314.68M, while the lowest revenue estimate was $307.1M, resulting in an average revenue estimate of $309.87M. In the same quarter a year ago, actual revenue was $298.2M, up 3.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $333.83M in the next fiscal year. The high estimate is $347.89M and the low estimate is $324.3M. The average revenue growth estimate for next year is up 7.70% from the average revenue estimate for this year.
