Rent the Runway Inc [RENT] stock prices are down -0.77% to $19.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RENT shares have gain 302.30% over the last week, with a monthly amount glided 162.06%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Rent the Runway Inc [RENT] has been fluctuating between $4.46 and $69.20 over the past year. Currently, Wall Street analysts expect the stock to reach $10.75 within the next 12 months. Rent the Runway Inc [NASDAQ: RENT] shares were valued at $19.23 at the most recent close of the market. An investor can expect a potential drop of -44.1% based on the average RENT price forecast.
Analyzing the RENT fundamentals
The Rent the Runway Inc [NASDAQ:RENT] reported sales of 298.20M for trailing twelve months, representing a surge of 0.53%. 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 15.19 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.09, and for the 2nd resistance point, it is at 32.94.
Ratios To Look Out For
It’s worth pointing out that Rent the Runway Inc [NASDAQ:RENT]’s Current Ratio is 2.12. On the other hand, the Quick Ratio is 2.12, and the Cash Ratio is 1.75. Considering the valuation of this stock, the price to sales ratio is 0.23.
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.
