In the latest session, Rent the Runway Inc (NASDAQ: RENT) closed at $0.35 down -5.90% from its previous closing price of $0.37. In other words, the price has decreased by -$0.0219 from its previous closing price. On the day, 897603 shares were traded.
Ratios:
For a deeper understanding of Rent the Runway Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 1.85.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 04 ’24 when Case Becky sold 3,774 shares for $0.37 per share. The transaction valued at 1,413 led to the insider holds 350,899 shares of the business.
Rau Andrew sold 2,456 shares of RENT for $920 on Mar 04 ’24. The Chief Supply Chain Officer now owns 250,087 shares after completing the transaction at $0.37 per share. On Mar 04 ’24, another insider, Phillips Zachary Benjamin, who serves as the SVP, Product of the company, sold 1,949 shares for $0.37 each. As a result, the insider received 730 and left with 109,258 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 24.18M and an Enterprise Value of 268.08M. 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 9.24.
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 0.4971, while the 200-Day Moving Average is calculated to be 1.0045.
Shares Statistics:
For the past three months, RENT has traded an average of 886.12K shares per day and 640k over the past ten days. A total of 61.96M shares are outstanding, with a floating share count of 32.45M. Insiders hold about 53.40% of the company’s shares, while institutions hold 36.59% stake in the company. Shares short for RENT as of Feb 29, 2024 were 7.53M with a Short Ratio of 8.50, 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
There are 8 different market analysts currently analyzing its stock. 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
A total of 7 analysts believe the company’s revenue will be $74.22M this 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.
