SmartRent Inc. (NYSE:SMRT) went down by -8.07% from its latest closing price compared to the recent 1-year high of $15.14. The company’s stock price has collected -0.61% of loss in the last five trading sessions. The Wall Street Journal reported on 08/12/20 that Off-Price Retailer Stein Mart Files for Bankruptcy
Is It Worth Investing in SmartRent Inc. (NYSE :SMRT) Right Now?
SmartRent Inc. (NYSE:SMRT) scored a price-to-earnings ratio above its average ratio, recording 48.04 x from its present earnings ratio. Opinions of the stock are interesting as 7 analysts out of 8 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.”
The average price from analysts is $6.49, which is $1.59 above the current price. SMRT currently public float of 122.11M and currently shorts hold a 4.11% ratio of that float. Today, the average trading volume of SMRT was 1.29M shares.
SMRT’s Market Performance
SMRT stocks went down by -0.61% for the week, with a monthly drop of -5.95% and a quarterly performance of -29.70%, while its annual performance rate touched -58.54%. The volatility ratio for the week stands at 10.09% while the volatility levels for the past 30 days are set at 7.99% for SmartRent Inc. The simple moving average for the period of the last 20 days is -12.14% for SMRT stocks with a simple moving average of -42.40% for the last 200 days.
Analysts’ Opinion of SMRT
Many brokerage firms have already submitted their reports for SMRT stocks, with Compass Point repeating the rating for SMRT by listing it as a “Buy.” The predicted price for SMRT in the upcoming period, according to Compass Point is $8 based on the research report published on May 25th of the current year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SMRT reach a price target of $9. The rating they have provided for SMRT stocks is “Equal-Weight” according to the report published on February 15th, 2022.
Keefe Bruyette gave a rating of “Outperform” to SMRT, setting the target price at $13 in the report published on February 14th of the current year.
SMRT Trading at -3.80% 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 -67.64% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 10.09%, as shares sank -11.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.62% upper at present.
During the last 5 trading sessions, SMRT fell by -0.61%, which changed the moving average for the period of 200-days by -65.15% in comparison to the 20-day moving average, which settled at $5.55. In addition, SmartRent Inc. saw -49.38% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SMRT starting from Edmonds Christopher Jon, who sale 10,000 shares at the price of $6.03 back on Jun 02. After this action, Edmonds Christopher Jon now owns 155,743 shares of SmartRent Inc., valued at $60,300 using the latest closing price.
DeRose-Wilson Isaiah, the Chief Technology Officer of SmartRent Inc., sale 50,000 shares at $5.22 during a trade that took place back on May 19, which means that DeRose-Wilson Isaiah is holding 1,690 shares at $261,000 based on the most recent closing price.
Stock Fundamentals for SMRT
Current profitability levels for the company are sitting at:
- -64.76 for the present operating margin
- -9.10 for the gross margin
The net margin for SmartRent Inc. stands at -65.04.
The liquidity ratio also appears to be rather interesting for investors as it stands at 7.48.