At the end of the latest market close, Rent the Runway Inc. (RENT) was valued at $4.98. In that particular session, Stock kicked-off at the price of $4.83 while reaching the peak value of $4.88 and lowest value recorded on the day was $4.06. The stock current value is $4.14.Recently in News on April 14, 2022, Rent the Runway to Present at the Shareholder Equity Conference on April 19, 2022. Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that management will present at the Shareholder Equity Conference, held virtually, on Tuesday, April 19, 2022 at 11:30 AM ET. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rent the Runway Inc. shares are logging -83.29% during the 52-week period from high price, and -5.26% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.37 and $24.77.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2288115 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rent the Runway Inc. (RENT) recorded performance in the market was -49.20%, having the revenues showcasing -31.11% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 276.84M, as it employees total of 958 workers.
Analysts verdict on Rent the Runway Inc. (RENT)
During the last month, 9 analysts gave the Rent the Runway Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.10, with a change in the price was noted -4.50. In a similar fashion, Rent the Runway Inc. posted a movement of -52.08% for the period of last 100 days, recording 820,893 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RENT is recording 3.67 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.67.
Rent the Runway Inc. (RENT): Technical Analysis
Raw Stochastic average of Rent the Runway Inc. in the period of last 50 days is set at 2.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 3.01%. In the last 20 days, the company’s Stochastic %K was 9.32% and its Stochastic %D was recorded 22.15%.
Let’s take a glance in the erstwhile performances of Rent the Runway Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -49.20%. The shares increased approximately by -35.11% in the 7-day charts and went down by -22.76% in the period of the last 30 days. Common stock shares were lifted by -31.11% during last recorded quarter.