The stock of Rent the Runway Inc (RENT) has gone down by -13.12% for the week, with a 42.88% rise in the past month and a -18.70% drop in the past quarter. The volatility ratio for the week is 10.60%, and the volatility levels for the past 30 days are 30.14% for RENT. The simple moving average for the past 20 days is -4.89% for RENT’s stock, with a -36.14% simple moving average for the past 200 days.
Is It Worth Investing in Rent the Runway Inc (NASDAQ: RENT) Right Now?
Moreover, the 36-month beta value for RENT is 0.54. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RENT is 1.50M and currently, short sellers hold a 41.84% of that float. On April 30, 2024, RENT’s average trading volume was 1.32M shares.
RENT) stock’s latest price update
Rent the Runway Inc (NASDAQ: RENT) has experienced a decline in its stock price by -10.27 compared to its previous closing price of 11.00. However, the company has seen a fall of -13.12% in its stock price over the last five trading days. Market Watch reported 2024-04-12 that Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting shares on pace for their best week on record.
RENT Trading at 12.27% 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 -82.98% of loss for the given period.
Volatility was left at 30.14%, however, over the last 30 days, the volatility rate increased by 10.60%, as shares surge +36.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.12% lower at present.
During the last 5 trading sessions, RENT fell by -13.12%, which changed the moving average for the period of 200-days by -73.32% in comparison to the 20-day moving average, which settled at $10.51. In addition, Rent the Runway Inc saw -6.45% 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:
- -0.23 for the present operating margin
- 0.49 for the gross margin
The net margin for Rent the Runway Inc stands at -0.44. The total capital return value is set at -0.3. Equity return is now at value -774.86, with -26.00 for asset returns.
Based on Rent the Runway Inc (RENT), the company’s capital structure generated 1.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at -2.92. The interest coverage ratio of the stock is 2.04.
Currently, EBITDA for the company is 33.4 million with net debt to EBITDA at 8.24. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 229.38for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
To wrap up, the performance of Rent the Runway Inc (RENT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
