As on May 24, 2023, Rent the Runway Inc. (NASDAQ: RENT) started slowly as it slid -5.58% to $2.37. During the day, the stock rose to $2.55 and sunk to $2.32 before settling in for the price of $2.51 at the close. Taking a more long-term approach, RENT posted a 52-week range of $1.10-$5.74.
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Nevertheless, stock’s Earnings Per Share (EPS) this year is 35.80%. This publicly-traded company’s shares outstanding now amounts to $64.97 million, simultaneously with a float of $58.22 million. The organization now has a market capitalization sitting at $167.72 million. At the time of writing, stock’s 50-day Moving Average stood at $2.64, while the 200-day Moving Average is $2.99.
If we measure the efficiency of the company that is accounted for 880 employees. For the Profitability, stocks gross margin was +18.59, operating margin was -27.70 and Pretax Margin of -46.86.
Rent the Runway Inc. (RENT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Apparel Retail industry. Rent the Runway Inc.’s current insider ownership accounts for 5.30%, in contrast to 75.90% institutional ownership. According to the most recent insider trade that took place on May 03, this organization’s CEO & Chair sold 9,385 shares at the rate of 2.27, making the entire transaction reach 21,351 in total value, affecting insider ownership by 1,329,369. Preceding that transaction, on May 03, Company’s Chief Revenue Officer sold 4,585 for 2.34, making the whole transaction’s value amount to 10,729. This particular insider is now the holder of 771,635 in total.
Rent the Runway Inc. (RENT) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 1/30/2023, the company posted -$0.4 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.51) by $0.11. This company achieved a net margin of -46.79 while generating a return on equity of -774.86. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.45 per share during the current fiscal year.
Rent the Runway Inc.’s EPS increase for this current 12-month fiscal period is 35.80% and is forecasted to reach -1.49 in the upcoming year.
Rent the Runway Inc. (NASDAQ: RENT) Trading Performance Indicators
Let’s observe the current performance indicators for Rent the Runway Inc. (RENT). It’s Quick Ratio in the last reported quarter now stands at 2.90. The Stock has managed to achieve an average true range (ATR) of 0.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.57.
In the same vein, RENT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.16, a figure that is expected to reach -0.45 in the next quarter, and analysts are predicting that it will be -1.49 at the market close of one year from today.
Technical Analysis of Rent the Runway Inc. (RENT)
Through scrutinizing the latest numbers posted by the [Rent the Runway Inc., RENT], it can be observed that its last 5-days Average volume of 0.46 million was lower the volume of 0.84 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 47.92% While, its Average True Range was 0.20.
Raw Stochastic average of Rent the Runway Inc. (RENT) in the period of the previous 100 days is set at 8.41%, which indicates a major fall in contrast to 30.86% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 81.02% that was lower than 85.05% volatility it exhibited in the past 100-days period.