Rent the Runway Inc [RENT] stock is trading at $7.40, up 36.28%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RENT shares have gain 25.85% over the last week, with a monthly amount drifted -0.43%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 10, April 2024, Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Exceeded Revenue and Adjusted EBITDA Guidance for Q4 2023.
From an analyst’s perspective:
Rent the Runway Inc [NASDAQ: RENT] stock has seen the most recent analyst activity on January 17, 2024, when Piper Sandler downgraded its rating to a Neutral. Previously, Wells Fargo downgraded its rating to Equal Weight on January 16, 2024. On December 15, 2022, Wolfe Research initiated with a Peer Perform rating. Credit Suisse downgraded its rating to a Neutral but stick to its price target of $4 on September 13, 2022. Piper Sandler initiated its recommendation with a Overweight. In a note dated June 30, 2022, Raymond James initiated an Outperform rating and provided a target price of $9 on this stock.
Rent the Runway Inc [RENT] stock has fluctuated between $4.46 and $69.20 over the past year. Currently, Wall Street analysts expect the stock to reach $7.33 within the next 12 months. Rent the Runway Inc [NASDAQ: RENT] shares were valued at $7.40 at the most recent close of the market. An investor can expect a potential drop of -0.95% based on the average RENT price forecast.
Analyzing the RENT fundamentals
Rent the Runway Inc [NASDAQ:RENT] reported sales of 297.80M for the trailing twelve months, which represents a drop of -6.33%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is 1.46 and Total Capital is -0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.58 points at the first support level, and at 3.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.73, and for the 2nd resistance point, it is at 10.07.
Rent the Runway Inc [RENT] reported earnings per share of -$9 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$8.55/share, meaning a difference of -$0.45 and a surprise factor of -5.30%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$8 per share as compared to estimates of -$8.51 per share, a difference of $0.51 representing a surprise of 6.00%.
Ratios To Look Out For
For context, Rent the Runway Inc’s Current Ratio is 1.85. Further, the Quick Ratio stands at 1.85, while the Cash Ratio is 1.75. Considering the valuation of this stock, the price to sales ratio is 0.09.
Transactions by insiders
Recent insider trading involved Hyman Jennifer, Chair, CEO & President, that happened on Mar 18 ’24 when 0.16 million shares were sold. Chief Merchant Officer, Tam Sarah K completed a deal on Mar 18 ’24 to sell 48585.0 shares. Meanwhile, Chief Legal & Admin. Officer Schembri Cara sold 47419.0 shares on Mar 18 ’24.
