In last trading session, Rent the Runway Inc (NASDAQ:RENT) saw 0.48 million shares changing hands with its beta currently measuring 1.02. Company’s recent per share price level of $0.52 trading at -$0.02 or -2.59% at ring of the bell on the day assigns it a market valuation of $36.38M. That closing price of RENT’s stock is at a discount of -709.62% from its 52-week high price of $4.21 and is indicating a premium of 19.23% from its 52-week low price of $0.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 1.03 million if we extend that period to 3-months.
Rent the Runway Inc (NASDAQ:RENT) trade information
Upright in the red during last session for losing -2.59%, in the last five days RENT remained trading in the red while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $0.52 price level, adding 11.1% to its value on the day. Rent the Runway Inc’s shares saw a change of -0.97% in year-to-date performance and have moved -0.51% in past 5-day. Rent the Runway Inc (NASDAQ:RENT) showed a performance of -28.86% in past 30-days. Number of shares sold short was 7.65 million shares which calculate 5.39 days to cover the short interests.
Rent the Runway Inc (RENT) estimates and forecasts
Statistics highlight that Rent the Runway Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -66.30% of value to its shares in past 6 months, showing an annual growth rate of 23.67% while that of industry is -5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 27.50% in the current quarter and calculating 39.10% increase in the next quarter.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $74.22 million for the same. And 5 analysts are in estimates of company making revenue of $76.15 million in the next quarter that will end on Apr 2024. Company posted $75.4 million and $73.19 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -1.60% while estimating it to be 4.00% for the next quarter.
Rent the Runway Inc is more likely to be releasing its next quarterly report between April 10 and April 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.