SRM Entertainment Inc (NASDAQ: SRM)’s stock price has increased by 96.79 compared to its previous closing price of 0.63. However, the company has seen a 85.07% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-04 that Jupiter, FL, Dec. 04, 2024 (GLOBE NEWSWIRE) — SRM Entertainment, Inc. (Nasdaq: SRM) (the “Company,” or “SRM”, a leading provider of creative and high-quality licensed media-themed merchandise, today announced that its online sales on Amazon have surged by over 417% since September. This exceptional growth is driven by strong customer demand for the company’s high-margin products and is expected to have a significant positive impact on its financial performance.
Is It Worth Investing in SRM Entertainment Inc (NASDAQ: SRM) Right Now?
Additionally, the 36-month beta value for SRM is 1.47.
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The public float for SRM is 5.11M and currently, short sellers hold a 3.78% ratio of that float. The average trading volume of SRM on December 04, 2024 was 652.90K shares.
SRM’s Market Performance
SRM stock saw an increase of 85.07% in the past week, with a monthly gain of 63.42% and a quarterly increase of 1.64%. The volatility ratio for the week is 8.66%, and the volatility levels for the last 30 days are 12.19% for SRM Entertainment Inc (SRM). The simple moving average for the last 20 days is 85.74% for SRM stock, with a simple moving average of 16.74% for the last 200 days.
SRM Trading at 75.71% 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 -61.25% of loss for the given period.
Volatility was left at 12.19%, however, over the last 30 days, the volatility rate increased by 8.66%, as shares surge +75.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.05% upper at present.
During the last 5 trading sessions, SRM rose by +82.84%, which changed the moving average for the period of 200-days by -9.26% in comparison to the 20-day moving average, which settled at $0.6668. In addition, SRM Entertainment Inc saw -20.00% 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 3.43. 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 mixed 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.
