SmartRent Inc (SMRT) Shares Plummet Below 1-Year High

SmartRent Inc (NYSE: SMRT) has seen a decline in its stock price by -0.77 in relation to its previous close of 2.61. However, the company has experienced a -0.77% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-26 that If there’s anything I’ve learned from years of covering the market, it’s that Wall Street loves growth stocks. Fast-growing companies tend to attract investor attention and deliver stellar returns relative to value stocks.

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

Additionally, the 36-month beta value for SMRT is 1.99. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for SMRT is 166.98M and currently, short sellers hold a 7.98% ratio of that float. The average trading volume of SMRT on April 03, 2024 was 1.33M shares.

SMRT’s Market Performance

The stock of SmartRent Inc (SMRT) has seen a -0.77% decrease in the past week, with a -10.38% drop in the past month, and a -15.64% fall in the past quarter. The volatility ratio for the week is 4.71%, and the volatility levels for the past 30 days are at 5.62% for SMRT. The simple moving average for the last 20 days is -4.07% for SMRT stock, with a simple moving average of -16.16% for the last 200 days.

Analysts’ Opinion of SMRT

Many brokerage firms have already submitted their reports for SMRT stocks, with BTIG Research repeating the rating for SMRT by listing it as a “Buy.” The predicted price for SMRT in the upcoming period, according to BTIG Research is $4.50 based on the research report published on January 19, 2024 of the current year 2024.

Imperial Capital, on the other hand, stated in their research note that they expect to see SMRT reach a price target of $6. The rating they have provided for SMRT stocks is “Outperform” according to the report published on August 16th, 2022.

Cantor Fitzgerald gave a rating of “Overweight” to SMRT, setting the target price at $6 in the report published on July 22nd of the previous year.

SMRT Trading at -9.88% 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 -37.14% of loss for the given period.

Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares sank -5.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.30% lower at present.

During the last 5 trading sessions, SMRT fell by -0.38%, which changed the moving average for the period of 200-days by -20.25% in comparison to the 20-day moving average, which settled at $2.69. In addition, SmartRent Inc saw -18.81% 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 Beard Alana, who sale 3,000 shares at the price of $3.32 back on Dec 14 ’23. After this action, Beard Alana now owns 67,412 shares of SmartRent Inc, valued at $9,960 using the latest closing price.

STROHM BRUCE C, the Director of SmartRent Inc, purchase 44,000 shares at $2.98 during a trade that took place back on Nov 20 ’23, which means that STROHM BRUCE C is holding 226,561 shares at $131,120 based on the most recent closing price.

Stock Fundamentals for SMRT

Current profitability levels for the company are sitting at:

  • -0.18 for the present operating margin
  • 0.21 for the gross margin

The net margin for SmartRent Inc stands at -0.15. The total capital return value is set at -0.11. Equity return is now at value -9.79, with -6.46 for asset returns.

Based on SmartRent Inc (SMRT), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -9.52.

Currently, EBITDA for the company is -37.63 million with net debt to EBITDA at 5.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 3.83for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.

Conclusion

In conclusion, SmartRent Inc (SMRT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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