SRM Entertainment Inc (NASDAQ: SRM)’s stock price has increased by 6.52 compared to its previous closing price of 0.62. However, the company has seen a 0.74% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-12 that Jupiter, FL, Dec. 12, 2024 (GLOBE NEWSWIRE) — SRM Entertainment, Inc. (Nasdaq: SRM) (the “Company,” or “SRM”), a leading provider of licensed merchandise and souvenirs, today announced a significant reorder of its popular Sip With Me cups from a premier marine life theme park in Abu Dhabi and the development of exclusive products for a groundbreaking year-round horror attraction in Las Vegas. These developments underscore SRM’s growth and strategic expansion into new markets and product categories.
Is It Worth Investing in SRM Entertainment Inc (NASDAQ: SRM) Right Now?
Company’s 36-month beta value is 1.44.
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The public float for SRM is 7.46M, and currently, short sellers hold a 4.06% ratio of that floaft. The average trading volume of SRM on December 26, 2024 was 3.08M shares.
SRM’s Market Performance
SRM’s stock has seen a 0.74% increase for the week, with a -1.77% drop in the past month and a -7.63% fall in the past quarter. The volatility ratio for the week is 9.61%, and the volatility levels for the past 30 days are at 13.53% for SRM Entertainment Inc The simple moving average for the past 20 days is -5.57% for SRM’s stock, with a -35.74% simple moving average for the past 200 days.
SRM Trading at -5.06% 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 -75.10% of loss for the given period.
Volatility was left at 13.53%, however, over the last 30 days, the volatility rate increased by 9.61%, as shares sank -5.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.79% lower at present.
During the last 5 trading sessions, SRM fell by -0.17%, which changed the moving average for the period of 200-days by -45.00% in comparison to the 20-day moving average, which settled at $0.6984. In addition, SRM Entertainment Inc saw -57.03% 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 15,398 shares at the price of $0.82 back on Dec 10 ’24. After this action, Safety Shot, Inc. now owns 2,857,511 shares of SRM Entertainment Inc, valued at $12,626 using the latest closing price.
Safety Shot, Inc., the Principal Stockholder of SRM Entertainment Inc, proposed sale 1,500,000 shares at $0.62 during a trade that took place back on Nov 21 ’24, which means that Safety Shot, Inc. is holding shares at $930,000 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 2.07. 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 a nutshell, SRM Entertainment Inc (SRM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
