The 36-month beta value for SRM is also noteworthy at 1.38.
The public float for SRM is 4.11M, and at present, short sellers hold a 0.81% of that float. The average trading volume of SRM on September 06, 2024 was 51.17K shares.
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SRM) stock’s latest price update
SRM Entertainment Inc (NASDAQ: SRM)’s stock price has plunge by 43.53relation to previous closing price of 0.85. Nevertheless, the company has seen a 60.32% surge in its stock price over the last five trading sessions. 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.
SRM’s Market Performance
SRM’s stock has risen by 60.32% in the past week, with a monthly rise of 31.17% and a quarterly rise of 1.67%. The volatility ratio for the week is 19.16% while the volatility levels for the last 30 days are 11.65% for SRM Entertainment Inc The simple moving average for the last 20 days is 51.62% for SRM stock, with a simple moving average of -19.25% for the last 200 days.
SRM Trading at 19.58% 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 -65.04% of loss for the given period.
Volatility was left at 11.65%, however, over the last 30 days, the volatility rate increased by 19.16%, as shares surge +25.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.02% upper at present.
During the last 5 trading sessions, SRM rose by +60.32%, which changed the moving average for the period of 200-days by -51.20% in comparison to the 20-day moving average, which settled at $0.8171. In addition, SRM Entertainment Inc saw -21.29% 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:
- -0.93 for the present operating margin
- 0.22 for the gross margin
The net margin for SRM Entertainment Inc stands at -0.92. The total capital return value is set at -1.47. Equity return is now at value -295.56, with -258.15 for asset returns.
Currently, EBITDA for the company is -2.03 million with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.32. The receivables turnover for the company is 6.69for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.83.
Conclusion
In summary, SRM Entertainment Inc (SRM) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
