The stock of SRM Entertainment Inc (NASDAQ: SRM) has decreased by -10.57 when compared to last closing price of 1.16.Despite this, the company has seen a loss of -18.11% in its stock price over the last five trading days. globenewswire.com reported 2024-06-10 that JUPITER, FL, June 10, 2024 (GLOBE NEWSWIRE) — SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) is pleased to announce a new order for SRM custom designed, nostalgic movie character key chains which will be available online and in shops at one of the world’s largest movie theater chain. The intial order will help theaters promote the enhanced merchandising experience which allows movie goers to purchase memorabilla, souveniers and gifts in theater.
Is It Worth Investing in SRM Entertainment Inc (NASDAQ: SRM) Right Now?
The public float for SRM is 4.01M, and currently, short sellers hold a 2.02% ratio of that floaft. The average trading volume of SRM on August 01, 2024 was 55.60K shares.
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SRM’s Market Performance
SRM stock saw a decrease of -18.11% in the past week, with a monthly decline of -12.61% and a quarterly a decrease of -23.53%. The volatility ratio for the week is 9.37%, and the volatility levels for the last 30 days are 10.39% for SRM Entertainment Inc (SRM). The simple moving average for the past 20 days is -13.56% for SRM’s stock, with a -36.11% simple moving average for the past 200 days.
SRM Trading at -14.33% from the 50-Day Moving Average
After a stumble in the market that brought SRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.70% of loss for the given period.
Volatility was left at 10.39%, however, over the last 30 days, the volatility rate increased by 9.37%, as shares sank -5.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.25% lower at present.
During the last 5 trading sessions, SRM fell by -18.11%, which changed the moving average for the period of 200-days by -36.20% in comparison to the 20-day moving average, which settled at $1.2001. In addition, SRM Entertainment Inc saw -32.90% 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 SRM starting from Safety Shot, Inc., who sale 20,000 shares at the price of $1.12 back on Jun 07 ’24. After this action, Safety Shot, Inc. now owns 3,980,000 shares of SRM Entertainment Inc, valued at $22,400 using the latest closing price.
Haywood Hans, the Director of SRM Entertainment Inc, purchase 6,814 shares at $1.63 during a trade that took place back on Dec 29 ’23, which means that Haywood Hans is holding 10,000 shares at $11,097 based on the most recent closing price.
Stock Fundamentals for SRM
Current profitability levels for the company are sitting at:
- -1.2 for the present operating margin
- 0.22 for the gross margin
The net margin for SRM Entertainment Inc stands at -1.19. The total capital return value is set at -1.16. Equity return is now at value -231.77, with -208.38 for asset returns.
Currently, EBITDA for the company is -2.03 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.38.
Conclusion
In a nutshell, SRM Entertainment Inc (SRM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
