SRM Entertainment Inc (NASDAQ: SRM) has experienced a decline in its stock price by -10.16 compared to its previous closing price of 0.64. However, the company has seen a fall of -18.17% in its stock price over the last five trading days. globenewswire.com reported 2024-09-24 that JUPITER, FL, Sept. 24, 2024 (GLOBE NEWSWIRE) — SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) SRM and Suretone Entertainment’s Suretone Pictures are in negotiations to form an alliance capitalizing on Suretone Pictures’ film productions, tv content creation, existing library and distribution strength alongside SRM’s ongoing merchandise, manufacturing and distribution businesses as engaged in providing its services to the major film studios. The initial transaction was closed on September 3, 2024 with the transfer of the first of several valuable film assets transferred by Suretone Pictures to SRM. SRM and Suretone Entertainment’s Suretone Pictures are engaged in far-reaching discussions to jointly create a new media company using certain assets of Suretone Pictures as the two companies intend to come together to build a multi-film asset and IP based library with an innovative plan towards distribution, merchandising and production.
Is It Worth Investing in SRM Entertainment Inc (NASDAQ: SRM) Right Now?
The stock has a 36-month beta value of 1.56.
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The public float for SRM is 1.65M, and at present, short sellers hold a 14.38% of that float. On November 13, 2024, the average trading volume of SRM was 600.63K shares.
SRM’s Market Performance
The stock of SRM Entertainment Inc (SRM) has seen a -18.17% decrease in the past week, with a -14.43% drop in the past month, and a -11.73% fall in the past quarter. The volatility ratio for the week is 9.22%, and the volatility levels for the past 30 days are at 13.48% for SRM. The simple moving average for the past 20 days is -19.99% for SRM’s stock, with a -49.03% simple moving average for the past 200 days.
SRM Trading at -22.27% 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 -83.52% of loss for the given period.
Volatility was left at 13.48%, however, over the last 30 days, the volatility rate increased by 9.22%, as shares sank -13.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.54% lower at present.
During the last 5 trading sessions, SRM fell by -17.86%, which changed the moving average for the period of 200-days by -65.15% in comparison to the 20-day moving average, which settled at $0.7188. In addition, SRM Entertainment Inc saw -62.90% 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:
- -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 0.94. 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
To sum up, SRM Entertainment Inc (SRM) 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.
