Rent the Runway (RENT) stock forecast for 2023
Last update: June 2, 2023 (10:15)
Sector: TechnologyThe share price of Rent the Runway, Inc. (RENT) now
50/200 Day Moving Average: $2.589 / $2.926
This figure corresponds to the Average Price over the previous 50/200 days. For Rent the Runway stocks, the 50-day moving average is the resistance level today.
For Rent the Runway stocks, the 200-day moving average is the resistance level today.
Are you interested in Rent the Runway stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Rent the Runway stock price in 2023. How much will one Rent the Runway share be worth in 2023? Is it worth taking profit / loss on Rent the Runway stock now or waiting? What are analysts' forecasts for Rent the Runway stock?
We forecast Rent the Runway stock performance using neural networks based on historical data on Rent the Runway stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Rent the Runway stock prediction results are shown below and presented as a graph, table and text information.
Rent the Runway stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Rent the Runway analysts is $6.06.
Today 200 Day Moving Average is the resistance level (2.926 $).
50 Day Moving Average is the resistance level (2.589 $).
Historical and forecast chart of Rent the Runway stock
The chart below shows the historical price of Rent the Runway stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Rent the Runway stock price can be found in the table below.
Rent the Runway (RENT) Forecast for 2023
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jul | 1.89 | 1.76 | 2.01 | 12.42 % |
| Aug | 1.97 | 1.91 | 2.21 | 13.39 % |
| Sep | 2.09 | 1.96 | 2.28 | 14.00 % |
| Oct | 1.97 | 1.78 | 2.06 | 13.60 % |
| Nov | 1.95 | 1.73 | 2.09 | 17.09 % |
| Dec | 2.15 | 2.06 | 2.40 | 14.22 % |
Rent the Runway information and performance
Rent the Runway – Rents out designer clothing and accessories to women on a monthly basis.
Clothing rental service Rent the Runway raised $ 357 million in a share placement. The company’s capitalization amounted to $ 1.3 billion, Bloomberg reports.
The company entered the NASDAQ Global Select Market under the ticker RENT. The volume of the IPO amounted to 17 million shares, the placement took place at the upper end of the range, $ 21 per share.
For half a year, Rent the Runway’s net loss amounted to $ 85 million, revenue – $ 80 million. The IPO is being led by Goldman Sachs Group, Morgan Stanley and Barclays.
10 JAY ST, SUITE 900, BROOKLYN, NY, US
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Rent the Runway price target for 2023 by month
Target values for the price of one Rent the Runway share for Jul 2023.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 12.418% volatility is expected.
Pessimistic target level: 1.76
Optimistic target level: 2.01
Target values for the price of one Rent the Runway share for Aug 2023.
In Aug, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 13.392% volatility is expected.
Pessimistic target level: 1.91
Optimistic target level: 2.21
Target values for the price of one Rent the Runway share for Sep 2023.
In Sep, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 13.998% volatility is expected.
Pessimistic target level: 1.96
Optimistic target level: 2.28
Target values for the price of one Rent the Runway share for Oct 2023.
In Oct, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 13.597% volatility is expected.
Pessimistic target level: 1.78
Optimistic target level: 2.06
Target values for the price of one Rent the Runway share for Nov 2023.
In Nov, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 17.095% volatility is expected.
Pessimistic target level: 1.73
Optimistic target level: 2.09
Target values for the price of one Rent the Runway share for Dec 2023.
In Dec, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 14.216% volatility is expected.
Pessimistic target level: 2.06
Optimistic target level: 2.40