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Here’s Our Rant About SmartRent Inc. (SMRT)

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SmartRent Inc. (NYSE:SMRT) went down by -6.47% from its latest closing price compared to the recent 1-year high of $15.14. The company’s stock price has collected -20.87% of loss in the last five trading sessions. Press Release reported on 01/04/22 that SmartRent Appoints Brian Roberts as Chief Legal Officer

Is It Worth Investing in SmartRent Inc. (NYSE :SMRT) Right Now?

Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for SmartRent Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $15.17, which is $7.51 above the current price. SMRT currently public float of 79.14M and currently shorts hold a 2.55% ratio of that float. Today, the average trading volume of SMRT was 789.29K shares.

SMRT’s Market Performance

SMRT stocks went down by -20.87% for the week, with a monthly drop of -31.36% and a quarterly performance of -39.87%. The volatility ratio for the week stands at 9.37% while the volatility levels for the past 30 days are set at 6.84% for SmartRent Inc.. The simple moving average for the period of the last 20 days is -23.64% for SMRT stocks with a simple moving average of -32.99% for the last 200 days.

Analysts’ Opinion of SMRT

Many brokerage firms have already submitted their reports for SMRT stocks, with Deutsche Bank repeating the rating for SMRT by listing it as a “Buy.” The predicted price for SMRT in the upcoming period, according to Deutsche Bank is $16 based on the research report published on November 30th of the previous year 2021.

Goldman, on the other hand, stated in their research note that they expect to see SMRT reach a price target of $18. The rating they have provided for SMRT stocks is “Buy” according to the report published on October 27th, 2021.

Cantor Fitzgerald gave a rating of “Neutral” to SMRT, setting the target price at $14 in the report published on October 07th of the previous year.

SMRT Trading at -29.25% from the 50-Day Moving Average

After a stumble in the market that brought SMRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.41% of loss for the given period.

Volatility was left at 6.84%, however, over the last 30 days, the volatility rate increased by 9.37%, as shares sank -31.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.53% lower at present.

During the last 5 trading sessions, SMRT fell by -20.87%, which changed the moving average for the period of 200-days by -23.40% in comparison to the 20-day moving average, which settled at $9.86. In addition, SmartRent Inc. saw -20.87% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SMRT starting from Haldeman Lucas Merwan, who purchase 10,564 shares at the price of $9.38 back on Nov 29. After this action, Haldeman Lucas Merwan now owns 10,864,593 shares of SmartRent Inc., valued at $99,078 using the latest closing price.

Wolter Jonathan, the Chief Financial Officer of SmartRent Inc., purchase 5,100 shares at $9.61 during a trade that took place back on Nov 29, which means that Wolter Jonathan is holding 5,100 shares at $48,998 based on the most recent closing price.

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