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Tuesday, March 21, 2023

Analysts Point To Rent the Runway Inc. (NASDAQ: RENT) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Rent the Runway Inc. (RENT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.76%, to $3.90. The Rent the Runway Inc. has recorded 4,099 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Rent the Runway Chief Supply Chain Officer Brian Donato to Assume Newly Created Chief Revenue Officer Role; Drew Rau to Join RTR Executive Team with Promotion to SVP of Supply Chain and Inventory.

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Stocks Info

As a NASDAQ listed company, RENT falls under the Consumer Cyclical sector while operating within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $3.93 and fluctuated between $4.2500 as its day high and $3.8900 as its day low. The current market capitalization of Rent the Runway Inc. is $240.16M. A total of 0.82 million shares were traded on the day, compared to an average of 2.79M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RENT has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 9,386 and the disposition of 30,441 shares. Over the last 12 months, there were 23 BUYs and 30 SELLs from insiders. Insiders purchased 2,200,035 shares during that period but sold 553,893.

In the most recent transaction, Donato Brian sold 10,098 shares of RENT for 1.81 per share on Nov 02. After the transaction, the Chief Supply Chain Officer now owns 537,995 company shares. In a previous transaction on Nov 02, Schembri Cara sold 893 shares at 1.81 per share. RENT shares that GC & Secretary owns now total 203,001.

Among the insiders who sold shares, Salinas Anushka disposed of 6,261 shares on Nov 02 at a per-share price of $1.81. This resulted in the President & COO holding 564,683 shares of RENT after the transaction. In another insider transaction, Steinberg Larry sold 2,613 shares at $1.81 per share on Nov 02. Company shares held by the Chief Technology Officer now total 685,273.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RENT in the last 3 months, the mean price target is $5.85 with high estimates of $10.00 and low estimates of $3.00. In terms of 52-week highs and lows, RENT has a high of $7.49 and a low of $1.10.

As of this writing, RENT has an earnings estimate of -$0.56 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.53 per share and a lower estimate of -$0.62. The company reported an EPS of -$0.67 in the last quarter, which was 8.20% higher than expectations of -$0.73.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RENT is Hold with a score of 4.50. A total of 6 analysts rated the stock as Buy while 2 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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