SmartRent Inc (NYSE: SMRT) has seen a decline in its stock price by -2.82 in relation to its previous close of 1.42. However, the company has experienced a -15.85% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-08-12 that LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SmartRent, Inc. (“SmartRent” or “the Company”) (NYSE:SMRT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in SmartRent Inc (NYSE: SMRT) Right Now?
The 36-month beta value for SMRT is at 2.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SMRT is 174.81M, and currently, shorts hold a 6.19% of that float. The average trading volume for SMRT on August 13, 2024 was 1.53M shares.
SMRT’s Market Performance
SMRT’s stock has seen a -15.85% decrease for the week, with a -42.50% drop in the past month and a -42.50% fall in the past quarter. The volatility ratio for the week is 8.23%, and the volatility levels for the past 30 days are at 6.12% for SmartRent Inc The simple moving average for the last 20 days is -33.91% for SMRT stock, with a simple moving average of -48.49% for the last 200 days.
Analysts’ Opinion of SMRT
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see SMRT reach a price target of $2, previously predicting the price at $4. The rating they have provided for SMRT stocks is “Neutral” according to the report published on August 08th, 2024.
SMRT Trading at -38.74% 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 -62.09% of loss for the given period.
Volatility was left at 6.12%, however, over the last 30 days, the volatility rate increased by 8.23%, as shares sank -43.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.50% lower at present.
During the last 5 trading sessions, SMRT fell by -15.85%, which changed the moving average for the period of 200-days by -42.98% in comparison to the 20-day moving average, which settled at $2.0350. In addition, SmartRent Inc saw -56.74% 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 Lucas Haldeman, who proposed sale 750,000 shares at the price of $1.42 back on Aug 09 ’24. After this action, Lucas Haldeman now owns shares of SmartRent Inc, valued at $1,065,000 using the latest closing price.
Beard Alana, the Director of SmartRent Inc, sale 3,000 shares at $3.32 during a trade that took place back on Dec 14 ’23, which means that Beard Alana is holding 67,412 shares at $9,960 based on the most recent closing price.
Stock Fundamentals for SMRT
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.31 for the gross margin
The net margin for SmartRent Inc stands at -0.11. The total capital return value is set at -0.07. Equity return is now at value -6.89, with -4.68 for asset returns.
Based on SmartRent Inc (SMRT), the company’s capital structure generated -0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at -0.2. The interest coverage ratio of the stock is -10.0.
Currently, EBITDA for the company is -37.63 million with net debt to EBITDA at 9.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 3.33for 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 3.02.
Conclusion
In conclusion, SmartRent Inc (SMRT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
