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Rent the Runway, Inc.Rent the Runway, Inc.Rent the Runway, Inc.

Rent the Runway, Inc.

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RENT trade ideas

RENT, a super high ATR stock is on the move for a major gain NASDAQ:RENT This stock has been on a secular decline since it's debut 2 years ago; but recently the stocks started a bullish trend. It has a massive daily ATR of 17%, so expect major volatility. But this is the kind of stock that can also do a 50% move in a heartbeat hence my interest. Fundamentally as can be seen on the chart below, the stock loses money but has serious sales of $300M for only 1k employees. P/S is only 0.26 which is extremely low. The formation of a falling wedge / flat bottom triangle can breakout to the upside and continue the bullish leg. Thus I will wait for the breakout upwards first, marked by the blue arrow level shown, however because the stock is extremely volatile I will only buy it at the cyan arrow level as I expect a correction and a fake out to the low side after the breakout. The cyan arrow ($22.27) is where I will buy the stock. Note this is only a trade for me. The company is sitting on only $87 Mil in cash & equivalents and loses about $100 Mil per year. It's cash burn is now lower than ever per their recent earnings report. Thus although it is a high dilution risk and we don't want to overstay our welcome, the dilution is at least months away. The dilution risk is also why the ATR is so high so it's a trade off I am willing to make. So I will be taking this trade and looking for a significant increase in share price. I think 40% and above is very doable for this stock. Anyway this is what I am doing with my money, you do you. Good luck.
NASDAQ:RENTLong
by ConvictionTrades
Rent the Runway's Skyrocketed by 150%Rent the Runway (NASDAQ: NASDAQ:RENT ) has recently seen its stock price soar by over 150%, fueled by positive earnings and narrowed losses. However, behind the impressive surge lie significant risks that investors should carefully consider. Encouraging Financials: Rent the Runway's ( NASDAQ:RENT ) fourth-quarter results revealed a total revenue of $75.4 million, marking a modest increase from the previous year. Additionally, the company narrowed its net loss, a sign that its cost-cutting measures are yielding results. User Decline and Slow Growth: Despite the positive financials, Rent the Runway ( NASDAQ:RENT ) continues to face challenges. The number of active customers has been on a downward trajectory, signaling a concerning trend. Moreover, the company's revenue growth remains sluggish, with expectations of low single-digit growth for the year ahead. Balance Sheet Concerns: Rent the Runway's balance sheet raises red flags, with a significant decline in cash reserves and an increase in long-term debt. The company's move to boost outstanding shares suggests a potential plan to raise capital amidst the stock surge. Stock Price Analysis: The recent surge in Rent the Runway's stock price has been remarkable, driven by high trading volumes. However, the risks inherent in the company's financials and user metrics cast uncertainty on the sustainability of this upward momentum. Looking Ahead: While Rent the Runway's stock (RENT) may continue its bullish run in the short term, investors should approach cautiously. The company's ability to address user decline, accelerate revenue growth, and strengthen its balance sheet will determine its long-term viability. Technical Outlook Rent the Runway's stock (RENT) stock is riding on a bullish storm currently trading at 19.02 up by 157% as of the time of writing. NASDAQ:RENT has a Relative Strength Index (RSI) of 83 implying NASDAQ:RENT stock is in a strong overbought region investors should be cautious in terms of a price correction.
NASDAQ:RENTLong
by DEXWireNews
$RENT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened a long position from $23,72; stop-loss — $20,95; take-profit — $32,03/MOC price. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas.
NASDAQ:RENTLong
by KozakHlib
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