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RENT
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
51.15M

RENT Rent the Runway Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RENT with price predictions
08:00 PM EDT Sep 26, 2023

RENT's RSI Indicator remains in oversold zone for 13 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RENT advanced for three days, in of 91 cases, the price rose further within the following month. The odds of a continued upward trend are .

RENT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 08, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RENT as a result. In of 23 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for RENT turned negative on September 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RENT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RENT entered a downward trend on September 12, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: RENT's P/B Ratio (12.392) is very high in comparison to the industry average of (3.634). P/E Ratio (0.841) is within average values for comparable stocks, (96.011). RENT's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.347). RENT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.152) is also within normal values, averaging (1.922).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. RENT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RENT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are TJX Companies (NYSE:TJX), lululemon athletica (NASDAQ:LULU), Gap (The) (NYSE:GPS), Abercrombie & Fitch Co (NYSE:ANF), Foot Locker (NYSE:FL), Guess (NYSE:GES), Stitch Fix (NASDAQ:SFIX).

Industry description

Companies in the apparel and/or footwear retail industry sell clothing, accessories and footwear, for different age groups and genders. The industry’s product categories could range from basics, such as underwear, to luxury items. Some retailers source items from wholesalers or an apparel brand to sell in their stores; some others are licensed to make and market their own retail goods under particular brands. Several companies outsource production of clothing to developing/emerging economies where labor costs are relatively inexpensive. Apparel retail is often influenced by fashion trends, and many companies feel the need to adapt to what’s “in vogue” to retain customers and attract new ones. A major disruption in this industry has been the burgeoning trend in digital shopping – to compete with rapidly growing e-commerce, even traditional retail players are upping the ante on their online platforms. Much of the products’ performance in apparel/footwear retail is cyclical, i.e., economic boom times encourage consumer spending, while recessions induce thriftiness among people. Some large-cap U.S. apparel/footwear retail companies include TJX Companies Inc., Ross Stores, Inc., Lululemon Athletica Inc. and Burlington Stores, Inc.

Market Cap

The average market capitalization across the Apparel/Footwear Retail Industry is 11.18B. The market cap for tickers in the group ranges from 256K to 119.4B. IDEXY holds the highest valuation in this group at 119.4B. The lowest valued company is DESTQ at 256K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Retail Industry was -1%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -11%. CATO experienced the highest price growth at 14%, while RTMNF experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Retail Industry was 10%. For the same stocks of the Industry, the average monthly volume growth was -21% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 46
Price Growth Rating: 61
SMR Rating: 58
Profit Risk Rating: 81
Seasonality Score: -17 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

RENT is expected to report earnings to rise 7.20% to -42 cents per share on December 06

Rent the Runway RENT Stock Earnings Reports
Q4'23
Est.
$-0.43
Q3'23
Est.
$-0.40
Q2'23
Beat
by $0.02
Q1'23
Beat
by $0.11
Q4'22
Beat
by $0.15
The last earnings report on September 08 showed earnings per share of -40 cents, meeting the estimate of -40 cents. With 616.12K shares outstanding, the current market capitalization sits at 51.15M.
A.I. Advisor
published General Information

General Information

Industry ApparelFootwearRetail

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
10 Jay Street
Phone
+1 212 524-6860
Employees
1015
Web
https://www.renttherunway.com
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RENT and

Correlation & Price change

A.I.dvisor indicates that over the last year, RENT has been loosely correlated with ZUMZ. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if RENT jumps, then ZUMZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RENT
1D Price
Change %
RENT100%
+0.52%
ZUMZ - RENT
42%
Loosely correlated
+0.17%
SFIX - RENT
41%
Loosely correlated
-2.00%
SCVL - RENT
34%
Loosely correlated
+2.63%
PLCE - RENT
33%
Poorly correlated
+3.17%
AEO - RENT
30%
Poorly correlated
+2.82%
More

Groups containing RENT

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RENT
1D Price
Change %
RENT100%
+0.52%
Retail Trade
(undefined stocks)
37%
Loosely correlated
+0.17%
Apparel/Footwear Retail
(undefined stocks)
35%
Loosely correlated
+0.56%