Daily Progress: SmartRent Inc (SMRT) Drop -2.08, Closing at 2.35

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In the latest session, SmartRent Inc (NYSE: SMRT) closed at $2.35 down -2.08% from its previous closing price of $2.40. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 1.84 million shares were traded. SMRT stock price reached its highest trading level at $2.405 during the session, while it also had its lowest trading level at $2.32.

Ratios:

For a deeper understanding of SmartRent Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.07. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 2.88. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 19, 2024, initiated with a Buy rating and assigned the stock a target price of $4.50.

On August 16, 2022, Imperial Capital started tracking the stock assigning a Outperform rating and target price of $6.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 14 ’23 when Beard Alana sold 3,000 shares for $3.32 per share. The transaction valued at 9,960 led to the insider holds 67,412 shares of the business.

STROHM BRUCE C bought 44,000 shares of SMRT for $131,120 on Nov 20 ’23. The Director now owns 226,561 shares after completing the transaction at $2.98 per share. On Nov 17 ’23, another insider, STROHM BRUCE C, who serves as the Director of the company, bought 41,149 shares for $2.85 each. As a result, the insider paid 117,275 and bolstered with 182,561 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMRT now has a Market Capitalization of 484386688 and an Enterprise Value of 269594848. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 1.213 whereas that against EBITDA is -8.968.

Stock Price History:

The Beta on a monthly basis for SMRT is 1.98, which has changed by -0.29850745 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, SMRT has reached a high of $4.12, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is -4.02%, while the 200-Day Moving Average is calculated to be -15.41%.

Shares Statistics:

For the past three months, SMRT has traded an average of 1.45M shares per day and 1017740 over the past ten days. A total of 203.33M shares are outstanding, with a floating share count of 174.31M. Insiders hold about 13.63% of the company’s shares, while institutions hold 62.85% stake in the company. Shares short for SMRT as of 1715731200 were 15269276 with a Short Ratio of 10.72, compared to 1713139200 on 15163005. Therefore, it implies a Short% of Shares Outstanding of 15269276 and a Short% of Float of 8.0699995.

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