Rent the Runway Inc (NASDAQ: RENT) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Rent the Runway Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Apparel Retail industry. The current market capitalization of Rent the Runway Inc is $52.26M. A total of 3.58 million shares were traded on the day, compared to an average of 1.22M shares.

In the most recent transaction, Hyman Jennifer sold 155,405 shares of RENT for 0.35 per share on Mar 18 ’24. After the transaction, the Chair, CEO & President now owns 3,389,723 company shares. In a previous transaction on Mar 18 ’24, Tam Sarah K sold 48,585 shares at 0.35 per share. RENT shares that Chief Merchant Officer owns now total 715,844.

Among the insiders who sold shares, Schembri Cara disposed of 47,419 shares on Mar 18 ’24 at a per-share price of $0.35. This resulted in the Chief Legal & Admin. Officer holding 650,634 shares of RENT after the transaction. In another insider transaction, Thacker Siddharth sold 15,041 shares at $0.35 per share on Mar 18 ’24. Company shares held by the Chief Financial Officer now total 1,101,646.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RENT has a high of $69.20 and a low of $4.46.

As of this writing, RENT has an earnings estimate of $Rent the Runway, Inc. per share for the current quarter. EPS was calculated based on a consensus of REIT estimates, with a high estimate of $United Rentals, Inc. per share and a lower estimate of $RENW.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 -$29.46, while its Total Shareholder’s Equity was $71.10M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.60.

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