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NASDAQ:RENT

Rent the Runway (RENT) Stock Price, News & Analysis

Rent the Runway logo
$9.18
-0.80 (-8.02%)
(As of 10/31/2024 ET)

About Rent the Runway Stock (NASDAQ:RENT)

Key Stats

Today's Range
$9.17
$9.86
50-Day Range
$8.41
$15.08
52-Week Range
$4.46
$41.81
Volume
65,886 shs
Average Volume
483,248 shs
Market Capitalization
$34.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.86
Consensus Rating
Moderate Buy

Company Overview

Rent the Runway, Inc. operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in the software development and support activities. Rent the Runway, Inc. was incorporated in 2009 and is headquartered in Brooklyn, New York.

Rent the Runway Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
46th Percentile Overall Score

RENT MarketRank™: 

Rent the Runway scored higher than 46% of companies evaluated by MarketBeat, and ranked 150th out of 207 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Rent the Runway has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Rent the Runway has only been the subject of 1 research reports in the past 90 days.

  • Read more about Rent the Runway's stock forecast and price target.
  • Earnings Growth

    Earnings for Rent the Runway are expected to decrease in the coming year, from ($19.08) to ($19.73) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Rent the Runway is -0.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Rent the Runway is -0.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Rent the Runway's valuation and earnings.
  • Percentage of Shares Shorted

    11.49% of the float of Rent the Runway has been sold short.
  • Short Interest Ratio / Days to Cover

    Rent the Runway has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rent the Runway has recently decreased by 3.50%, indicating that investor sentiment is improving.
  • Dividend Yield

    Rent the Runway does not currently pay a dividend.

  • Dividend Growth

    Rent the Runway does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    11.49% of the float of Rent the Runway has been sold short.
  • Short Interest Ratio / Days to Cover

    Rent the Runway has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rent the Runway has recently decreased by 3.50%, indicating that investor sentiment is improving.
  • News Sentiment

    Rent the Runway has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • Search Interest

    Only 2 people have searched for RENT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added Rent the Runway to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Rent the Runway insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $195,670.00 in company stock.

  • Percentage Held by Insiders

    Only 6.60% of the stock of Rent the Runway is held by insiders.

  • Percentage Held by Institutions

    73.10% of the stock of Rent the Runway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Rent the Runway's insider trading history.
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RENT Stock News Headlines

Hand turning a knob to select low risks investment. Concept of risk and reward ratio. Composite image between a hand photography and a 3D background.
3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn't Ignore (RENT)
Check out these three micro-cap companies that have a big opportunity to succeed, but also significant a risk of failure.
Collection of trendy women's garments on rack indoors, closeup. Clothing rental service — Photo
Analysts See 180% Upside for Rent the Runway: Should You Buy?
A recently updated price target signals Rent the Runway could have over double-bagger upside. So, what are the pros and cons of Rent the Runway?
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
See More Headlines

RENT Stock Analysis - Frequently Asked Questions

Rent the Runway's stock was trading at $10.55 at the start of the year. Since then, RENT stock has decreased by 13.0% and is now trading at $9.18.
View the best growth stocks for 2024 here
.

Rent the Runway, Inc. (NASDAQ:RENT) released its quarterly earnings data on Thursday, September, 5th. The company reported ($4.17) earnings per share for the quarter, topping analysts' consensus estimates of ($5.86) by $1.69. The business had revenue of $78.90 million for the quarter, compared to analysts' expectations of $76.60 million.

Shares of Rent the Runway reverse split on the morning of Wednesday, April 3rd 2024. The 1-20 reverse split was announced on Wednesday, April 3rd 2024. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Rent the Runway subsidiaries include these companies: Go Try It On.

Rent the Runway (RENT) raised $332 million in an initial public offering on Wednesday, October 27th 2021. The company issued 17,000,000 shares at a price of $18.00-$21.00 per share.

Shares of RENT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Rent the Runway investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Home Depot (HD), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
9/05/2024
Today
10/31/2024
Next Earnings (Estimated)
12/03/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Retail stores, not elsewhere classified
Sub-Industry
Retail
Current Symbol
NASDAQ:RENT
CUSIP
76017410
Fax
N/A
Employees
1,104
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$25.86
High Stock Price Target
$40.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+159.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-113,200,000.00
Pretax Margin
-30.94%

Debt

Sales & Book Value

Annual Sales
$298.20 million
Book Value
($34.49) per share

Miscellaneous

Free Float
3,557,000
Market Cap
$38.02 million
Optionable
Optionable
Beta
1.04

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This page (NASDAQ:RENT) was last updated on 10/31/2024 by MarketBeat.com Staff
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