Rent the Runway Inc (RENT) saw an uptrend of 25.08% in the recent trading with $5.61 being its most recent. The current price level -67.00% lower than the highest price of $17.00 marked by the stock while trading over the past 52-weeks, whereas it is 52.03% higher than the lowest price of $3.69 the company dropped to over past 52-weeks. The latest news story on RENT appeared in (Yahoo Finance Video) under the title “Coty, Gilead Sciences, Rent the Runway: Trending tickers”.
Squeezing the time span to 30 day period shows us the stock is currently trading -8.93% below one month high and is +34.86% above of the lowest during that time. Looking into the simple moving average, Rent the Runway Inc (RENT)’s stock stands at a SMA-50 of $4.95 while that of 5-day is reading $4.83.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RENT’s SMA-200 as of now is $6.48.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Rent the Runway Inc Earnings – What Happened With RENT
Coming around sales and income figures on RENT Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rent the Runway Inc (RENT) last released financial results for the quarter that ended 4/30/2024, posting a surprise factor of 16.47% for net revenue.
RENT – Rent the Runway Inc Stock Earnings Estimates
The perspective of Rent the Runway Inc (NASDAQ:RENT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -6.66 for stock’s EPS in the current quarter. Rent the Runway Inc (RENT) last released financial results for the quarter that ended 4/30/2024, posting a surprise factor of 16.47% for net revenue. Company’s EPS for the last quarter was -5.57.
Rent the Runway Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 3.83 million. RENT does have institutional investors; and they hold 15.13% of the stock.
As on 2024-06-30, BAIN CAPITAL VENTURE INVESTORS, LLC was the top most holder in Rent the Runway Inc (NASDAQ:RENT) with an ownership of 0.41 million shares of the company or 10.9399 of the stake worth $7.18 million. The filing also reveals TECHNOLOGY CROSSOVER MANAGEMENT VIII, LTD. as the second largest holder in the company with a control over 5.4161 of the outstanding shares. Its stake is worth $3.47 million for having 0.2 million shares in hand.
ARES MANAGEMENT LLC also came holding a key position in the company during the recent quarter and it now holds 4.5327 of the outstanding shares. With this there are now 37.0 institutions which have possession in RENT’s shares.
Key Metrics forRENT
Technical Analysis of Rent the Runway Inc (NASDAQ:RENT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Rent the Runway Inc (RENT), we notice that the stock’s 20-day average volume is at 153,335 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 112,264 shares. And to end with, RENT’s 100-day average volume are 113,302 shares.
