Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of SmartRent Inc (NYSE: SMRT) was $1.82 for the day, up 1.11% from the previous closing price of $1.80. In other words, the price has increased by $1.11 from its previous closing price. On the day, 0.74 million shares were traded. SMRT stock price reached its highest trading level at $1.865 during the session, while it also had its lowest trading level at $1.77.
Ratios:
Our analysis of SMRT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On August 08, 2024, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $4 to $2.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Martell Frank bought 50,000 shares for $1.49 per share. The transaction valued at 74,290 led to the insider holds 200,000 shares of the business.
Martell Frank bought 48,204 shares of SMRT for $70,016 on Nov 18 ’24. The Director now owns 248,204 shares after completing the transaction at $1.45 per share. On Nov 12 ’24, another insider, Lee Kristen Morse, who serves as the General Counsel of the company, bought 10,000 shares for $1.48 each. As a result, the insider paid 14,750 and bolstered with 46,314 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 350475584 and an Enterprise Value of 194945104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 0.976 whereas that against EBITDA is -7.124.
Stock Price History:
Over the past 52 weeks, SMRT has reached a high of $3.47, while it has fallen to a 52-week low of $1.17. The 50-Day Moving Average of the stock is 9.11%, while the 200-Day Moving Average is calculated to be -13.88%.
Shares Statistics:
SMRT traded an average of 1.40M shares per day over the past three months and 1369260 shares per day over the past ten days. A total of 192.97M shares are outstanding, with a floating share count of 171.54M. Insiders hold about 10.92% of the company’s shares, while institutions hold 58.59% stake in the company. Shares short for SMRT as of 1732838400 were 6602289 with a Short Ratio of 5.87, compared to 1730332800 on 7964256. Therefore, it implies a Short% of Shares Outstanding of 6602289 and a Short% of Float of 3.6700000000000004.
