Rent the Runway Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $69.20 on 04/13/23, while the lowest price for the same period was registered at $4.46 on 04/05/24.
52-week price history of RENT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Rent the Runway Inc’s current trading price is -72.21% away from its 52-week high, while its distance from the 52-week low is 331.17%. The stock’s price range during this period has spanned from $4.46 to $69.20. In the Consumer Cyclical sector, the Rent the Runway Inc’s shares surpassed a trading volume of approximately 23.03 million for the day, which was noticeably higher compared to the average daily volume of 9.0.84 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Rent the Runway Inc (RENT) has experienced a quarterly rise of 38.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 68.27M and boasts a workforce of 880 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.43, with a change in price of +8.33. Similarly, Rent the Runway Inc recorded 777,785 in trading volume during the last 100 days, posting a change of +76.49%.
RENT Stock Stochastic Average
Today, Rent the Runway Inc’s raw stochastic average for the past 50 days stands at 60.43%, indicating a rise from the raw stochastic average of the last 20 days, which was 60.43%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 71.29% and 58.09% respectively.
RENT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 82.27%. However, over the past six months, we’ve seen a weaker performance of 44.89%. The price of RENT fallen by 162.06% over the last 30 days. And in the last five days, it has surged by 302.30%.
