Rent the Runway Inc (RENT) Stock: Analyzing the Market Value

The 36-month beta value for RENT is at 0.82. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for RENT is 30.09M, and currently, shorts hold a 22.64% of that float. The average trading volume for RENT on April 03, 2024 was 843.25K shares.

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RENT) stock’s latest price update

The stock of Rent the Runway Inc (NASDAQ: RENT) has decreased by -11.63 when compared to last closing price of 0.36.Despite this, the company has seen a loss of -6.43% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that Rent the Runway (NASDAQ: RENT ) stock is on the move Wednesday as the shared designer closet company prepares for a reverse split of its shares. Rent the Runway will undergo a one-for-20 reverse stock split after markets clsoe on April 2.

RENT’s Market Performance

Rent the Runway Inc (RENT) has seen a -6.43% fall in stock performance for the week, with a -17.33% decline in the past month and a -39.34% plunge in the past quarter. The volatility ratio for the week is 7.76%, and the volatility levels for the past 30 days are at 10.22% for RENT. The simple moving average for the past 20 days is -10.74% for RENT’s stock, with a -65.15% simple moving average for the past 200 days.

RENT Trading at -29.21% 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 -90.75% of loss for the given period.

Volatility was left at 10.22%, however, over the last 30 days, the volatility rate increased by 7.76%, as shares sank -14.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.85% lower at present.

During the last 5 trading sessions, RENT fell by -6.43%, which changed the moving average for the period of 200-days by -86.67% in comparison to the 20-day moving average, which settled at $0.3558. In addition, Rent the Runway Inc saw -39.34% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RENT starting from Hyman Jennifer, who sale 155,405 shares at the price of $0.35 back on Mar 18 ’24. After this action, Hyman Jennifer now owns 3,389,723 shares of Rent the Runway Inc, valued at $54,019 using the latest closing price.

Tam Sarah K, the Chief Merchant Officer of Rent the Runway Inc, sale 48,585 shares at $0.35 during a trade that took place back on Mar 18 ’24, which means that Tam Sarah K is holding 715,844 shares at $16,888 based on the most recent closing price.

Stock Fundamentals for RENT

Current profitability levels for the company are sitting at:

  • -0.18 for the present operating margin
  • 0.48 for the gross margin

The net margin for Rent the Runway Inc stands at -0.44. The total capital return value is set at -0.22. Equity return is now at value -774.86, with -33.83 for asset returns.

Based on Rent the Runway Inc (RENT), the company’s capital structure generated 1.42 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at -3.41. The interest coverage ratio of the stock is 2.76.

Currently, EBITDA for the company is 12.4 million with net debt to EBITDA at 9.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.

Conclusion

In conclusion, Rent the Runway Inc (RENT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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