In the past week, SMRT stock has gone down by -22.24%, with a monthly decline of -20.29% and a quarterly plunge of -20.63%. The volatility ratio for the week is 4.36%, and the volatility levels for the last 30 days are 4.41% for SmartRent Inc The simple moving average for the past 20 days is -20.09% for SMRT’s stock, with a -29.95% simple moving average for the past 200 days.
Is It Worth Investing in SmartRent Inc (NYSE: SMRT) Right Now?
The stock has a 36-month beta value of 1.98. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SMRT is 174.32M, and at present, short sellers hold a 6.39% of that float. On July 30, 2024, the average trading volume of SMRT was 1.25M shares.
SMRT) stock’s latest price update
The stock price of SmartRent Inc (NYSE: SMRT) has dropped by -20.63 compared to previous close of 2.40. Despite this, the company has seen a fall of -22.24% in its stock price over the last five trading days. globenewswire.com reported 2024-07-30 that Block and Leviton is investigating SmartRent, Inc. ($SMRT) after the company suspended their 2024 guidance and announced that their CEO is stepping down.
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 -21.17% 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 -52.43% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares sank -21.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.62% lower at present.
During the last 5 trading sessions, SMRT fell by -24.09%, which changed the moving average for the period of 200-days by -33.34% in comparison to the 20-day moving average, which settled at $2.36. In addition, SmartRent Inc saw -40.28% 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:
- -0.17 for the present operating margin
- 0.27 for the gross margin
The net margin for SmartRent Inc stands at -0.13. The total capital return value is set at -0.1. Equity return is now at value -8.45, with -5.69 for asset returns.
Based on SmartRent Inc (SMRT), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 14076000.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -15.08.
Currently, EBITDA for the company is -37.63 million with net debt to EBITDA at 6.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. 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 2.88.
Conclusion
To sum up, SmartRent Inc (SMRT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
