In the past week, SMRT stock has gone down by -4.80%, with a monthly gain of 21.92% and a quarterly plunge of -6.49%. The volatility ratio for the week is 6.15%, and the volatility levels for the last 30 days are 6.12% for SmartRent Inc. The simple moving average for the past 20 days is 20.37% for SMRT’s stock, with a 5.37% simple moving average for the past 200 days.

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

Additionally, the 36-month beta value for SMRT is 2.08. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

The average price predicted by analysts for SMRT is $4.60, which is $1.43 above the current price. The public float for SMRT is 166.02M and currently, short sellers hold a 7.83% ratio of that float. The average trading volume of SMRT on November 16, 2023 was 1.16M shares.

SMRT) stock’s latest price update

SmartRent Inc (NYSE: SMRT) has experienced a rise in its stock price by 1.28 compared to its previous closing price of 3.13. However, the company has seen a fall of -4.80% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-07 that SmartRent, Inc. (SMRT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.13 per share a year ago.

Analysts’ Opinion of SMRT

Many brokerage firms have already submitted their reports for SMRT stocks, with Imperial Capital repeating the rating for SMRT by listing it as a “Outperform.” The predicted price for SMRT in the upcoming period, according to Imperial Capital is $6 based on the research report published on August 16, 2022 of the previous year 2022.

SMRT Trading at 17.28% 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 -23.06% of loss for the given period.

Volatility was left at 6.12%, however, over the last 30 days, the volatility rate increased by 6.15%, as shares surge +26.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.25% lower at present.

During the last 5 trading sessions, SMRT fell by -4.80%, which changed the moving average for the period of 200-days by +8.56% in comparison to the 20-day moving average, which settled at $2.67. In addition, SmartRent Inc saw 30.45% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SMRT starting from DeRose-Wilson Isaiah, who sale 65,067 shares at the price of $3.23 back on Jun 16. After this action, DeRose-Wilson Isaiah now owns 5,339 shares of SmartRent Inc, valued at $210,492 using the latest closing price.

DeRose-Wilson Isaiah, the Chief Technology Officer of SmartRent Inc, sale 2,851 shares at $3.50 during a trade that took place back on Jun 14, which means that DeRose-Wilson Isaiah is holding 70,406 shares at $9,978 based on the most recent closing price.

Stock Fundamentals for SMRT

Current profitability levels for the company are sitting at:

The net margin for SmartRent Inc stands at -57.40. The total capital return value is set at -24.30, while invested capital returns managed to touch -23.68. Equity return is now at value -14.53, with -9.88 for asset returns.

The receivables turnover for the company is 3.11 and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.75.

Conclusion

In conclusion, SmartRent Inc (SMRT) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.