Rent the Runway Inc (NASDAQ: RENT)’s stock price has dropped by -15.05 in relation to previous closing price of 9.90. Nevertheless, the company has seen a loss of -19.37% in its stock price over the last five trading days. zacks.com reported 2024-09-10 that Rent the Runway (RENT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Rent the Runway Inc (NASDAQ: RENT) Right Now?
The 36-month beta value for RENT is also noteworthy at 1.08. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RENT is 1.81M, and at present, short sellers hold a 9.52% of that float. The average trading volume of RENT on September 23, 2024 was 81.43K shares.
RENT’s Market Performance
The stock of Rent the Runway Inc (RENT) has seen a -19.37% decrease in the past week, with a -39.58% drop in the past month, and a -55.99% fall in the past quarter. The volatility ratio for the week is 12.84%, and the volatility levels for the past 30 days are at 14.78% for RENT. The simple moving average for the past 20 days is -28.01% for RENT’s stock, with a -38.84% simple moving average for the past 200 days.
RENT Trading at -35.73% 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 -79.89% of loss for the given period.
Volatility was left at 14.78%, however, over the last 30 days, the volatility rate increased by 12.84%, as shares sank -41.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.53% lower at present.
During the last 5 trading sessions, RENT fell by -19.37%, which changed the moving average for the period of 200-days by -32.00% in comparison to the 20-day moving average, which settled at $11.38. In addition, Rent the Runway Inc saw -20.28% 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 Thacker Siddharth, who sale 1,946 shares at the price of $10.00 back on Sep 16 ’24. After this action, Thacker Siddharth now owns 50,249 shares of Rent the Runway Inc, valued at $19,460 using the latest closing price.
Phillips Zachary Benjamin, the SVP, Product of Rent the Runway Inc, sale 730 shares at $10.00 during a trade that took place back on Sep 16 ’24, which means that Phillips Zachary Benjamin is holding 17,264 shares at $7,300 based on the most recent closing price.
Stock Fundamentals for RENT
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.39 for the gross margin
The net margin for Rent the Runway Inc stands at -0.31. The total capital return value is set at -0.32.
Based on Rent the Runway Inc (RENT), the company’s capital structure generated 1.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at -2.1. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 33.4 million with net debt to EBITDA at 5.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
In summary, Rent the Runway Inc (RENT) has had a bad 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.
