A History of Outperforming Analyst Forecasts and Beating the Odds: Rent the Runway Inc (RENT)

With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $27.9008 whereas the lowest price it dropped to was $18.715. The 52-week range on RENT shows that it touched its highest point at $58.00 and its lowest point at $4.46 during that stretch. It currently has a 1-year price target of $20.50. Beta for the stock currently stands at 0.89.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RENT was up-trending over the past week, with a rise of 52.53%, but this was up by 57.81% over a month. Three-month performance surged to 137.53% while six-month performance rose 132.30%. The stock lost -48.83% in the past year, while it has gained 120.19% so far this year. A look at the trailing 12-month EPS for RENT yields -16.97 with Next year EPS estimates of -19.48. For the next quarter, that number is -6.67. This implies an EPS growth rate of 39.39% for this year and 2.94% for next year.

Float and Shares Shorts:

At present, 3.39 million RENT shares are outstanding with a float of 1.50 million shares on hand for trading. On 2024-04-30, short shares totaled 0.39 million, which was 1064.00006 higher than short shares on 1711584000. In addition to Ms. Jennifer Y. Hyman as the firm’s President, Co-Founder, Chairman & CEO, Ms. Jennifer Fleiss serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 0.56014 of RENT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-01-31, RENT reported revenue of $75800000.0 and operating income of -$16200000.0. The EBITDA in the recently reported quarter was $16100000.0 and diluted EPS was -$7.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RENT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.