With over 0.45 million Rent the Runway Inc (RENT) shares trading Friday and a closing price of $0.67 on the day, the dollar volume was approximately $0.3 million. The shares have shown a negative half year performance of -66.73% and its price on 12/22/23 lost nearly -1.21%. Currently, there are 61.96M common shares owned by the public and among those 36.00M shares have been available to trade.
Insiders at the company have transacted a total of 124 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 5,953,070 shares. Insider sales of the common stock occurred on 93 occasions, with total insider shares sold totaling 1,286,236 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Shares of Rent the Runway Inc (NASDAQ: RENT) opened at $0.6575, down -$0.02 from a prior closing price of $0.68. However, the script later moved the day high at 0.7000, down -1.21%. The company’s stock has a 5-day price change of -17.94% and -9.40% over the past three months. RENT shares are trading -77.96% year to date (YTD), with the 12-month market performance down to -77.14% lower. It has a 12-month low price of $0.43 and touched a high of $4.82 over the same period. RENT has an average intraday trading volume of 724.23K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.21%, 10.80%, and -58.55% respectively.
Institutional ownership of Rent the Runway Inc (NASDAQ: RENT) shares accounts for 35.95% of the company’s 61.96M shares outstanding.
It has a market capitalization of $46.81M and a beta (3y monthly) value of 1.15. The earnings-per-share (ttm) stands at -$1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.18% over the week and 14.70% over the month.
Analysts forecast that Rent the Runway Inc (RENT) will achieve an EPS of -$0.3 for the current quarter, -$0.28 for the next quarter and -$0.98 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.4 while analysts give the company a high EPS estimate of -$0.22. Comparatively, EPS for the current quarter was -$0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 28.31%, and 40.41% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Rent the Runway Inc (RENT) as a “Strong Buy” at a consensus score of 1.78. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
