The stock of SRM Entertainment Inc (SRM) has seen a 14.29% increase in the past week, with a -12.35% drop in the past month, and a -13.41% decrease in the past quarter. The volatility ratio for the week is 12.67%, and the volatility levels for the past 30 days are at 12.50% for SRM. The simple moving average for the past 20 days is 6.38% for SRM’s stock, with a -35.02% simple moving average for the past 200 days.
Is It Worth Investing in SRM Entertainment Inc (NASDAQ: SRM) Right Now?
Additionally, the 36-month beta value for SRM is 1.64.
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The public float for SRM is 5.11M and currently, short sellers hold a 4.64% ratio of that float. The average trading volume of SRM on November 22, 2024 was 605.48K shares.
SRM) stock’s latest price update
SRM Entertainment Inc (NASDAQ: SRM) has experienced a rise in its stock price by 15.45 compared to its previous closing price of 0.62. However, the company has seen a gain of 14.29% in its stock price over the last five trading days. globenewswire.com reported 2024-11-14 that Jupiter, FL, Nov. 14, 2024 (GLOBE NEWSWIRE) — SRM Entertainment, Inc., (Nasdaq: SRM) (the “Company” or “SRM”) today announced the launch of its new media division, SRM Media, marking a significant expansion of the company’s entertainment offerings. This strategic move builds upon SRM’s existing media relationship with Suretone Pictures and underscores SRM’s commitment to delivering high-quality entertainment content across various platforms. SRM Media’s first acquisition, courtesy of its new Suretone Pictures partnership in the making, is Suretone Pictures’ critically acclaimed Western “The Kid,” a 2019 Western/Action film currently streaming on AMAZON Prime. The Kid is a reimagining of the Billy the Kid legend starring Ethan Hawke, Chris Pratt, and Dane DeHaan. Directed by Vincent D’Onofrio, the film has been praised for its powerful performances, stunning cinematography, and fresh take on a classic tale. This acquisition aligns with SRM Media’s vision to acquire and distribute compelling films and television content while leveraging SRM Entertainment’s expertise in merchandising and licensing to maximize IP value.
SRM Trading at 0.68% 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 -79.66% of loss for the given period.
Volatility was left at 12.50%, however, over the last 30 days, the volatility rate increased by 12.67%, as shares sank -11.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.97% upper at present.
During the last 5 trading sessions, SRM rose by +14.29%, which changed the moving average for the period of 200-days by -57.23% in comparison to the 20-day moving average, which settled at $0.6673. In addition, SRM Entertainment Inc saw -54.19% 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 proposed sale 1,500,000 shares at the price of $0.62 back on Nov 21 ’24. After this action, Safety Shot, Inc. now owns shares of SRM Entertainment Inc, valued at $930,000 using the latest closing price.
Safety Shot, Inc., the 10% Owner of SRM Entertainment Inc, sale 20,000 shares at $1.12 during a trade that took place back on Jun 07 ’24, which means that Safety Shot, Inc. is holding 3,980,000 shares at $22,400 based on the most recent closing price.
Stock Fundamentals for SRM
Current profitability levels for the company are sitting at:
- -0.9 for the present operating margin
- 0.22 for the gross margin
The net margin for SRM Entertainment Inc stands at -0.9. The total capital return value is set at -1.27. Equity return is now at value -106.58, with -76.97 for asset returns.
Currently, EBITDA for the company is -1.99 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 8.44for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, SRM Entertainment Inc (SRM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
