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How to Buy Rent The Runway Stock

Rent The Runway Inc

Rent the Runway, Inc. rents designer wear for women through its stores and online retail.

Rent The Runway stock last closed at $16.34, up 0.74% from the previous day, and has decreased 55.84% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.74 percentage points. Rent The Runway stock is currently +266.37% from its 52-week low of $4.46, and -60.92% from its 52-week high of $41.81.

As of Jul 22, 2024, there are 3.72M RENT shares outstanding. The market capitalization of RENT is $60.81M. In the last 24 hours, 13,908 RENT shares were traded.

How to Buy Rent The Runway Stock

Wondering how to invest in Rent The Runway stock? Here's how.
  1. Decide where to buy Rent The Runway stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Rent The Runway stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your investment account: Select your payment method and add your information.
  4. Research Rent The Runway stock: The Rent The Runway ticker symbol is RENT. Is Rent The Runway stock a good investment? Should you buy shares of RENT? How do RENT's underlying business fundamentals look? Do top analysts think Rent The Runway is a good buy? Why has RENT's stock price moved recently? (Hint: Our stock market research tools can help you decide if RENT is a good stock to buy).
  5. Execute your RENT purchase: Decide if you will purchase RENT shares at the current market price or use a limit order to buy RENT stock at a given price.
  6. Keep tabs on your RENT position: Create a watchlist to the latest updates on your position in Rent The Runway shares.

Step 1: Decide where to buy Rent The Runway stock

You will need a brokerage account in order to access the NASDAQ market and buy RENT stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to buy RENT stock today.

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Step 3: Deposit money your investment account

Now that you've filled out your info on app for investing, you can securely and quickly fund your account:

Check out the tutorial below if you need help depositing funds into your new investment account.

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Step 4: Research Rent The Runway stock

After you have decided on the best place to buy Rent The Runway stock, it's important to analyze their stock prior to investing, so you can wrap your head around the risk as well as the upside.

Rent The Runway stock at a glance

RENT Price
$16.34
1w %
-8.56%
1y %
-55.84%
5y %
N/A
P/E
-0.55x
P/B
-0.43x
P/S
0.2x
PEG
N/A
Revenue
$299.00M
Earnings
-$105.10M
Fore. Rev. Growth
4.94%
Fore. Earn. Growth
N/A
Market Cap
$60.81M
Next Earnings
Sep 6, 2024
Next Dividend
N/A

RENT Zen Score

WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on RENT's stock page.

Is RENT stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge RENT's intrinsic value.

You can access additional valuation analysis on RENT's stock here.

RENT Financial Summary

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the RENT balance sheet.
  • RENT has cash burn of 59600000. It has sufficient cash and short-term investments to cover this for at least one year.
  • RENT has $92.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $59.60M.

Negative Financial Indicators:

  • Total RENT debt is still negative.
  • RENT debt to equity ratio of -2.97 is negative.
  • RENT profit margin has gone up by 0.06 percentage points in the past year, but the company is still unprofitable.
  • There are more long-term liabilities than short-term assets on the RENT balance sheet.

Do analysts think it's a good time to buy Rent The Runway stock

Out of 2 Wall Street analysts who give forecasts on RENT, the consensus analyst rating on RENT is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Rent The Runway stock forecast page.

RENT Trading Indicators

SMA10
17.63
SMA20
17.23
SMA50
21.72
SMA100
15.57
SMA200
13.63
MACD
-0.95
MACD Signal
-1.05
MACD Histogram
0.1
RSI
42.09
Stochastic %K
39.1
Stochastic %D
52.34
StochRSI %K
47.78
StochRSI %D
63.85

RENT Growth Numbers

Last year, RENT revenue was $299.00M. Over the last 2 year, RENT's revenue has gone up by 12.34% per year. This was faster than the Apparel Retail industry average of 8.2%.

Dive into RENT's earnings and revenue performance here.

Are RENT executives and large shareholders buying or selling the stock?

Over the past 12 months, insiders at RENT have sold more shares than they have bought.

Becky Case, SVP Engineering of RENT, was the latest RENT insider to sell. They sold $3,261.51 worth of RENT shares on Jun 18, 2024.

Learn more about who owns RENT stock here.

Does RENT stock generate passive income?

No, Rent The Runway doesn't provide an income stream by paying out dividends.

What do other traders have to say about RENT?

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Execute your RENT purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.

Click the Open button and eToro will execute the order.

If you require more help with investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Keep tabs on your RENT position

Now that you own some shares in RENT, you'll want to stay up-to-date on your new stock purchase.

Create a watchlist to track the latest developments regarding your RENT stock.

RENT Feed

How to Buy Stock in Rent The Runway

To reiterate, here are the 6 steps to buy stock in Rent The Runway:

  1. Decide where to buy Rent The Runway stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Research Rent The Runway stock
  5. Execute your RENT purchase
  6. Keep tabs on your RENT position

If you need a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your investment in Rent The Runway, create a watchlist on WallStreetZen today.

NASDAQ: RENT
$16.34+0.12 (+0.74%)
Updated Jul 22, 2024
Open eToro Account
NASDAQ: RENT
$16.34+0.12 (+0.74%)
Updated Jul 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Rent The Runway share?

As of Jul 22, 2024, it costs $16.34 to buy one share of Rent The Runway stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $8, you can buy 0.49 shares of RENT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Rent The Runway stock?

According to 2 Wall Street analysts who monitor Rent The Runway, their consensus recommendation is to buy Rent The Runway stock.

What is the best way to buy Rent The Runway stock?

One way to place an order for Rent The Runway stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.