Rent the Runway Inc [NASDAQ: RENT] closed the trading session at $7.40. The company report on April 10, 2024 at 4:01 PM that Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2023 Results.
Exceeded Revenue and Adjusted EBITDA Guidance for Q4 2023.
Expect Revenue Growth in FY 2024 through Focus on Marketing, Product Innovation and Strong Customer Retention. Committed to Achieving Free Cash Flow Breakeven for FY 2024.
The stocks have a year to date performance of -29.86 percent and weekly performance of 25.85 percent. The stock has been moved at -42.99 percent over the last six months. The stock has performed -0.43 percent around the most recent 30 days and changed -44.12 percent over the most recent 3-months.
If compared to the average trading volume of 37.58K shares, RENT reached to a volume of 3596507 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Rent the Runway Inc [RENT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RENT shares is $46.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RENT stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Rent the Runway Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 17, 2024. The new note on the price target was released on January 16, 2024, representing the official price target for Rent the Runway Inc stock.
The Average True Range (ATR) for Rent the Runway Inc is set at 0.98, with the Price to Sales ratio for RENT stock in the period of the last 12 months amounting to 0.09.
RENT stock trade performance evaluation
Rent the Runway Inc [RENT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.85. With this latest performance, RENT shares dropped by -0.43% in over the last four-week period, additionally sinking by -42.99% over the last 6 months – not to mention a drop of -87.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RENT stock in for the last two-week period is set at 54.12, with the RSI for the last a single of trading hit 61.39, and the three-weeks RSI is set at 49.26 for Rent the Runway Inc [RENT]. The present Moving Average for the last 50 days of trading for this stock 8.20, while it was recorded at 5.64 for the last single week of trading, and 16.99 for the last 200 days.
Rent the Runway Inc [RENT]: An insightful look at the core fundamentals
Rent the Runway Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.85 and a Current Ratio set at 1.85.
Earnings per share (EPS) analysis for Rent the Runway Inc [RENT] stock
With the latest financial reports released by the company, Rent the Runway Inc posted -8/share EPS, while the average EPS was predicted by analysts to be reported at -10.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 21.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RENT.
Rent the Runway Inc [RENT]: Institutional Ownership
The top three institutional holders of RENT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RENT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RENT stock with ownership which is approximately 5.8386%.
