It’s Not Over Yet For Rent the Runway Inc (NASDAQ: RENT)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Rent the Runway Names Natalie McGrath Chief Marketing Officer.

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Stocks Info

Rent the Runway Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Apparel Retail industry. At the end of the last regular session, the stock closed at $0.37 and fluctuated between $0.3753 as its day high and $0.3470 as its day low. The current market capitalization of Rent the Runway Inc is $25.87M. A total of 0.69 million shares were traded on the day, compared to an average of 890.62K shares.

In the most recent transaction, Case Becky sold 3,774 shares of RENT for 0.37 per share on Mar 04 ’24. After the transaction, the SVP, Engineering now owns 350,899 company shares. In a previous transaction on Mar 04 ’24, Rau Andrew sold 2,456 shares at 0.37 per share. RENT shares that Chief Supply Chain Officer owns now total 250,087.

Among the insiders who sold shares, Phillips Zachary Benjamin disposed of 1,949 shares on Mar 04 ’24 at a per-share price of $0.37. This resulted in the SVP, Product holding 109,258 shares of RENT after the transaction. In another insider transaction, Hyman Jennifer sold 9,287 shares at $0.49 per share on Feb 06 ’24. Company shares held by the Chair, CEO & President now total 2,645,128.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RENT has a high of $3.46 and a low of $0.31.

As of this writing, RENT has an earnings estimate of -$0.29 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.4. The company reported an EPS of -$0.4 in the last quarter, which was 7.00% higher than expectations of -$0.43.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RENT’s latest balance sheet shows that the firm has $247.60M in Cash & Short Term Investments as of fiscal 2022. There were $316.30M in debt and $68.80M in liabilities at the time. Its Book Value Per Share was -$1.47, while its Total Shareholder’s Equity was $71.10M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.00.

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