This Is A Time To Build A Position In Rent the Runway Inc (NASDAQ: RENT)

Rent the Runway Inc (NASDAQ:RENT)’s traded shares stood at 0.68 million during the last session, with the company’s beta value hitting 0.64. At the close of trading, the stock’s price was $17.75, to imply an increase of 30.61% or $4.16 in intraday trading. The RENT share’s 52-week high remains $58.00, putting it -226.76% down since that peak but still an impressive 74.87% since price per share fell to its 52-week low of $4.46. The company has a valuation of $63.01M, with an average of 1.38 million shares over the past 3 months.

Rent the Runway Inc (NASDAQ:RENT) trade information

After registering a 30.61% upside in the last session, Rent the Runway Inc (RENT) has traded red over the past five days. The stock hit a weekly high of 18.60, jumping 30.61% in its intraday price action. The 5-day price performance for the stock is 23.78%, and -8.41% over 30 days. With these gigs, the year-to-date price performance is 68.25%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Rent the Runway Inc (RENT) estimates and forecasts

Looking at statistics comparing Rent the Runway Inc share performance against respective industry, we note that the company has outperformed competitors. Rent the Runway Inc (RENT) shares are 83.94% up over the last 6 months, with its year-to-date growth rate higher than industry average at 36.74% against 8.10%. The rating firms project that company’s revenue will grow 3.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 73.73M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 75.63M.

RENT Dividends

Rent the Runway Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rent the Runway Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.