The stock of SmartRent Inc (SMRT) has gone up by 0.60% for the week, with a 3.70% rise in the past month and a -1.75% drop in the past quarter. The volatility ratio for the week is 5.51%, and the volatility levels for the past 30 days are 6.35% for SMRT. The simple moving average for the past 20 days is -3.84% for SMRT’s stock, with a -18.14% simple moving average for the past 200 days.
Is It Worth Investing in SmartRent Inc (NYSE: SMRT) Right Now?
Company’s 36-month beta value is 1.96.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for SMRT is 170.46M, and currently, short sellers hold a 3.93% ratio of that floaft. The average trading volume of SMRT on December 27, 2024 was 1.13M shares.
SMRT) stock’s latest price update
The stock price of SmartRent Inc (NYSE: SMRT) has surged by 5.66 when compared to previous closing price of 1.59, but the company has seen a 0.60% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-16 that SCOTTSDALE, Ariz.–(BUSINESS WIRE)—- $SMRT #multifamily–The $10 million investment will initially focus on driving innovation, new features and functionality for the Company’s Smart Operations Solutions.
Analysts’ Opinion of SMRT
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see SMRT reach a price target of $2, previously predicting the price at $4. The rating they have provided for SMRT stocks is “Neutral” according to the report published on August 08th, 2024.
SMRT Trading at 0.11% from the 50-Day Moving Average
After a stumble in the market that brought SMRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.59% of loss for the given period.
Volatility was left at 6.35%, however, over the last 30 days, the volatility rate increased by 5.51%, as shares sank -9.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.18% lower at present.
During the last 5 trading sessions, SMRT rose by +0.60%, which changed the moving average for the period of 200-days by -39.57% in comparison to the 20-day moving average, which settled at $1.7470. In addition, SmartRent Inc saw -47.34% 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 SMRT starting from Martell Frank, who purchase 50,000 shares at the price of $1.49 back on Nov 15 ’24. After this action, Martell Frank now owns 200,000 shares of SmartRent Inc, valued at $74,290 using the latest closing price.
Martell Frank, the Director of SmartRent Inc, purchase 48,204 shares at $1.45 during a trade that took place back on Nov 18 ’24, which means that Martell Frank is holding 248,204 shares at $70,016 based on the most recent closing price.
Stock Fundamentals for SMRT
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.34 for the gross margin
The net margin for SmartRent Inc stands at -0.13. The total capital return value is set at -0.07. Equity return is now at value -7.87, with -5.29 for asset returns.
Currently, EBITDA for the company is -37.63 million with net debt to EBITDA at 5.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 3.17for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.20.
Conclusion
In a nutshell, SmartRent Inc (SMRT) has experienced a mixed 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.
