Rent the Runway Inc. (NASDAQ:RENT) went down by -16.87% from its latest closing price compared to the recent 1-year high of $24.77. The company’s stock price has collected -35.11% of loss in the last five trading sessions. The Wall Street Journal reported on 12/09/21 that In the Market: GameStop, Novavax, Rent the Runway, DWAC
Is It Worth Investing in Rent the Runway Inc. (NASDAQ :RENT) Right Now?
Opinions of the stock are interesting as 8 analysts out of 9 who provided ratings for Rent the Runway Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $15.56, which is $11.42 above the current price. RENT currently public float of 57.32M and currently shorts hold a 14.88% ratio of that float. Today, the average trading volume of RENT was 752.79K shares.
RENT’s Market Performance
RENT stocks went down by -35.11% for the week, with a monthly drop of -22.76% and a quarterly performance of -31.11%. The volatility ratio for the week stands at 12.53% while the volatility levels for the past 30 days are set at 9.28% for Rent the Runway Inc.. The simple moving average for the period of the last 20 days is -30.26% for RENT stocks with a simple moving average of -50.70% for the last 200 days.
Analysts’ Opinion of RENT
Many brokerage firms have already submitted their reports for RENT stocks, with Jefferies repeating the rating for RENT by listing it as a “Buy.” The predicted price for RENT in the upcoming period, according to Jefferies is $13 based on the research report published on March 18th of the current year 2022.
RENT Trading at -29.72% from the 50-Day Moving Average
After a stumble in the market that brought RENT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.29% of loss for the given period.
Volatility was left at 9.28%, however, over the last 30 days, the volatility rate increased by 12.53%, as shares sank -27.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.25% lower at present.
During the last 5 trading sessions, RENT fell by -35.11%, in comparison to the 20-day moving average, which settled at $5.86. In addition, Rent the Runway Inc. saw -49.20% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RENT starting from Donato Brian, who sale 10,145 shares at the price of $6.27 back on May 02. After this action, Donato Brian now owns 558,191 shares of Rent the Runway Inc., valued at $63,603 using the latest closing price.
Salinas Anushka, the President & COO of Rent the Runway Inc., sale 4,582 shares at $6.27 during a trade that took place back on May 02, which means that Salinas Anushka is holding 575,505 shares at $28,726 based on the most recent closing price.
Stock Fundamentals for RENT
Current profitability levels for the company are sitting at:
- -60.01 for the present operating margin
- +4.38 for the gross margin
The net margin for Rent the Runway Inc. stands at -104.18.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.85.