Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of SmartRent Inc (NYSE: SMRT) was $1.85 for the day, up 14.20% from the previous closing price of $1.62. In other words, the price has increased by $14.20 from its previous closing price. On the day, 2.23 million shares were traded. SMRT stock price reached its highest trading level at $1.89 during the session, while it also had its lowest trading level at $1.61.
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 356252640 and an Enterprise Value of 200722192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 1.005 whereas that against EBITDA is -7.336.
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 11.71%, while the 200-Day Moving Average is calculated to be -14.48%.
Shares Statistics:
SMRT traded an average of 1.53M shares per day over the past three months and 1613160 shares per day over the past ten days. A total of 203.33M shares are outstanding, with a floating share count of 171.54M. Insiders hold about 10.92% of the company’s shares, while institutions hold 58.57% stake in the company. Shares short for SMRT as of 1731628800 were 8237228 with a Short Ratio of 5.20, compared to 1728950400 on 8140225. Therefore, it implies a Short% of Shares Outstanding of 8237228 and a Short% of Float of 4.58.
