Rent the Runway Inc (NASDAQ:RENT) price closed lower on Monday, April 15, dropping -23.45% below its previous close.
A look at the daily price movement shows that the last close reads $19.23. The company’s 5Y monthly beta was ticking 0.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.20 and 52-week low of $4.46. The stock added 100.82% on its value in the past month.
Rent the Runway Inc, which has a market valuation of $52.26 million, is expected to release its quarterly earnings report Jun 07, 2024 – Jun 11, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RENT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that RENT’s price is at present 87.88% off the SMA20 and 73.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.36, with weekly volatility standing at 71.09%. The indicator jumps to 25.75% when calculated based on the past 30 days. Rent the Runway Inc (NASDAQ:RENT)’s beta value is holding at 0.14, while the average true range (ATR) indicator is currently reading 3.15.
An analysis of the Rent the Runway Inc (NASDAQ:RENT) stock in terms of its daily trading volume indicates that the 3-month average is 1.22 million.
Current records show that the company has 3.10M in outstanding shares. The insiders’ percentage holdings are 57.56% of outstanding shares while the percentage share held by institutions stands at 35.92%. But the 39.53% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
