Rent the Runway Inc (NASDAQ:RENT) shares traded 161.89% higher at $19.38 on Wall Street last session.
RENT stock price is now 136.43% away from the 50-day moving average and 14.04% away from the 200-day moving average. The market capitalization of the company currently stands at $68.80M.
, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Hyman Jennifer, Chair, CEO & President sold 155,405 shares of the company’s stock on Mar 18 ’24. The stock was sold for $54,019 at an average price of $0.35. Upon completion of the transaction, the Chair, CEO & President now directly owns 3,389,723 shares in the company, valued at $65.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Chief Merchant Officer Tam Sarah K sold 48,585 shares of the business’s stock. A total of $16,888 was realized by selling the stock at an average price of $0.35. This leaves the insider owning 715,844 shares of the company worth $13.87 million. A total of 57.56% of the company’s stock is owned by insiders.
During the past 12 months, Rent the Runway Inc has had a low of $4.46 and a high of $69.20. The fifty day moving average price for RENT is $8.33 and a two-hundred day moving average price translates $16.89 for the stock.
The latest earnings results from Rent the Runway Inc (NASDAQ: RENT) was released for Jan, 2024. According to the Apparel Retail Company, earnings per share came in at -$7.02, missing analysts’ expectations of -$6.53 by -0.49. This compares to -$0.56 EPS in the same period last year. The net profit margin was -37.96% and return on equity was -774.86% for RENT. The company reported revenue of $72.5 million for the quarter, compared to $77.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.33 percent. For the current quarter, analysts expect RENT to generate $74.95M in revenue.
