In the past week, SMRT stock has gone down by -1.74%, with a monthly gain of 3.05% and a quarterly plunge of -25.22%. The volatility ratio for the week is 4.96%, and the volatility levels for the last 30 days are 7.20% for SmartRent Inc The simple moving average for the past 20 days is 4.74% for SMRT’s stock, with a -34.88% simple moving average for the past 200 days.
Is It Worth Investing in SmartRent Inc (NYSE: SMRT) Right Now?
SMRT has 36-month beta value of 1.95. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SMRT is 174.77M, and currently, short sellers hold a 4.84% ratio of that float. The average trading volume of SMRT on September 04, 2024 was 1.49M shares.
SMRT) stock’s latest price update
The stock of SmartRent Inc (NYSE: SMRT) has increased by 0.60 when compared to last closing price of 1.68.Despite this, the company has seen a loss of -1.74% in its stock price over the last five trading days. accesswire.com reported 2024-09-04 that LOS ANGELES, CA / ACCESSWIRE / September 4, 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.
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 -16.06% 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 -52.66% of loss for the given period.
Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 4.96%, as shares surge +2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.18% lower at present.
During the last 5 trading sessions, SMRT fell by -1.45%, which changed the moving average for the period of 200-days by -46.53% in comparison to the 20-day moving average, which settled at $1.6157. In addition, SmartRent Inc saw -47.02% 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 Martell Frank, who purchase 75,000 shares at the price of $1.68 back on Aug 30 ’24. After this action, Martell Frank now owns 75,000 shares of SmartRent Inc, valued at $126,135 using the latest closing price.
Young Robyn, the Chief Marketing Officer of SmartRent Inc, purchase 14,793 shares at $1.70 during a trade that took place back on Aug 30 ’24, which means that Young Robyn is holding 52,305 shares at $25,114 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 0.71. 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
To put it simply, SmartRent Inc (SMRT) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
