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 $11.54, down 4.39% from the previous day, and has decreased 79.09% in one year. It has underperformed other stocks in the Apparel Retail industry by 0.89 percentage points. Rent The Runway stock is currently +158.74% from its 52-week low of $4.46, and -80.1% from its 52-week high of $58.00.
As of Apr 25, 2024, there are 3.67M RENT shares outstanding. The market capitalization of RENT is $42.38M. In the last 24 hours, 125,794 RENT shares were traded.
How to Buy Rent The Runway Stock
Wondering how to invest in Rent The Runway stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your payment method and add your information.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
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Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
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.
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 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 70300000. It has sufficient cash and short-term investments to cover this for at least one year.
- RENT has $94.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $70.30M.
Negative Financial Indicators:
- Total RENT debt is still negative.
- RENT debt to equity ratio of -3.28 is negative.
- RENT profit margin has gone up by 0.09 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 7 Wall Street analysts who give forecasts on RENT, the consensus analyst rating on RENT is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent RENT Analyst Forecasts
Ross Sandler, a top 9% analyst from Barclays maintains RENT with a strong buy rating and lowers their RENT price target from $60.00 to $40.00, on Dec 6, 2023.
Dana Telsey, a bottom 2% analyst from Telsey Advisory Group reiterates RENT with a hold rating and maintains their RENT price target from $20.00 to $20.00, on Nov 29, 2023.
You can dive deeper into what analysts are saying on the Rent The Runway stock forecast page.
RENT Technicals
RENT Performance Numbers
Last year, RENT revenue was $298.20M. In the last 4 year, RENT's revenue has increased by 3.8% per year. This was slower than the Apparel Retail industry average of 9.17%.
You can research RENT's earnings and revenue performance here.
Are RENT insiders buying or selling the stock?
In the past year, insiders at RENT have sold more shares than they have bought.
Jennifer Hyman, Chair CEO President of RENT, was the latest RENT insider to sell. They sold $54,080.94 worth of RENT shares on Mar 18, 2024.
Dig into 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 others are saying about RENT
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your RENT purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you want additional help with investing in stocks on eToro, click the how to video below:
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 investment.
Start a watchlist to get the latest updates about 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:
- Decide where to buy Rent The Runway stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Rent The Runway stock
- Execute your RENT purchase
- Keep tabs on your RENT position
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Rent The Runway, hit the button below to create your watchlist.
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