The stock price of Rent the Runway Inc (NASDAQ: RENT) has dropped by -13.20 compared to previous close of 15.23. Despite this, the company has seen a gain of 6.79% 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.
Is It Worth Investing in Rent the Runway Inc (NASDAQ: RENT) Right Now?
The 36-month beta value for RENT is also noteworthy at 0.67. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RENT is 1.50M, and at present, short sellers hold a 41.84% of that float. The average trading volume of RENT on May 09, 2024 was 1.37M shares.
RENT’s Market Performance
The stock of Rent the Runway Inc (RENT) has seen a 6.79% increase in the past week, with a 143.46% rise in the past month, and a 29.61% gain in the past quarter. The volatility ratio for the week is 17.52%, and the volatility levels for the past 30 days are at 31.19% for RENT.. The simple moving average for the past 20 days is 2.76% for RENT’s stock, with a -9.56% simple moving average for the past 200 days.
RENT Trading at 41.81% 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 -77.21% of loss for the given period.
Volatility was left at 31.19%, however, over the last 30 days, the volatility rate increased by 17.52%, as shares surge +78.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +59.58% upper at present.
During the last 5 trading sessions, RENT rose by +6.79%, which changed the moving average for the period of 200-days by -64.27% in comparison to the 20-day moving average, which settled at $13.16. In addition, Rent the Runway Inc saw 25.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RENT starting from Hyman Jennifer, who sale 4,600 shares at the price of $12.28 back on May 02 ’24. After this action, Hyman Jennifer now owns 164,884 shares of Rent the Runway Inc, valued at $56,490 using the latest closing price.
Case Becky, the SVP, Engineering of Rent the Runway Inc, sale 907 shares at $12.28 during a trade that took place back on May 02 ’24, which means that Case Becky is holding 30,379 shares at $11,140 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 -0.38. The total capital return value is set at -0.3.
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 1.07. 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
In summary, Rent the Runway Inc (RENT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
