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Rent the Runway Inc.’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

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Rent the Runway Inc. (NASDAQ:RENT) traded at $6.66 at close of the session on Monday, 01/10/22, made an upward move of 0.60% on its previous day’s price.

Looking at the stock we see that its previous close was $6.62 with the day’s price range being $6.0947 – $6.68. In terms of its 52-week price range, RENT has a high of $24.77 and a low of $6.55. The company’s stock has lost about -39.56% over that past 30 days.


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Rent the Runway Inc. has a market cap of $469.33 million and is expected to release its quarterly earnings report on Dec 08, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.65, with the EPS growth for the year raised at -$3.56 for 2022 and -$2.5 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $63.17 million, with a low of $62.8 million and a high of $63.4 million.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Rent the Runway Inc. (RENT) stock as a Hold, while 9 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -22.23% off its SMA20 and -47.26% from its 50-day simple moving average. The RSI (14) is pointing at 25.44 while the volatility over the past week is 12.23% and jumps to 11.14% over the past one month. The average price target for the stock over the next 12 months is $22.89, with the estimates having a low of $20.00 and a high of $28.00. These price ends are -200.3% and -320.42% off the current price level respectively, although investors could be excited at the prospect of a -230.33% if the RENT share price touches on the median price of $22.00.

Coming back to Rent the Runway Inc. (NASDAQ:RENT), we note that the average 3-month trading volume was 1.28 million. Current shares outstanding are 62.87 million.

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The insiders hold 3.20% of the company’s shares while institutions hold 60.30%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -18.28% down in year-to-date price movement.