The 36-month beta value for SRM is also noteworthy at 1.34.
The public float for SRM is 5.11M, and at present, short sellers hold a 3.78% of that float. The average trading volume of SRM on December 09, 2024 was 2.98M shares.
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SRM) stock’s latest price update
SRM Entertainment Inc (NASDAQ: SRM)’s stock price has gone decline by -7.55 in comparison to its previous close of 0.79, however, the company has experienced a 13.37% increase in its stock price over the last five trading days. globenewswire.com reported 2024-12-05 that Jupiter, FL, Dec. 05, 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 it entered into a securities purchase agreement with a certain institutional investor to purchase approximately $1.7 million shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.7385 per share.
SRM’s Market Performance
SRM’s stock has risen by 13.37% in the past week, with a monthly rise of 10.88% and a quarterly drop of -14.62%. The volatility ratio for the week is 20.31% while the volatility levels for the last 30 days are 13.73% for SRM Entertainment Inc The simple moving average for the past 20 days is 7.70% for SRM’s stock, with a -31.32% simple moving average for the past 200 days.
SRM Trading at 2.90% 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 -77.32% of loss for the given period.
Volatility was left at 13.73%, however, over the last 30 days, the volatility rate increased by 20.31%, as shares surge +11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.93% lower at present.
During the last 5 trading sessions, SRM rose by +13.37%, which changed the moving average for the period of 200-days by -45.02% in comparison to the 20-day moving average, which settled at $0.6738. In addition, SRM Entertainment Inc saw -53.18% 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 1.97. 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 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.
