For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
SmartRent Inc (NYSE: SMRT) closed the day trading at $1.54 down -2.53% from the previous closing price of $1.58. In other words, the price has decreased by -$2.53 from its previous closing price. On the day, 0.95 million shares were traded. SMRT stock price reached its highest trading level at $1.59 during the session, while it also had its lowest trading level at $1.54.
Ratios:
For a better understanding of SMRT, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 296556256 and an Enterprise Value of 141025712. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 0.706 whereas that against EBITDA is -5.154.
Stock Price History:
The Beta on a monthly basis for SMRT is 1.91, which has changed by -0.47854787 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. 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 -7.09%, while the 200-Day Moving Average is calculated to be -21.88%.
Shares Statistics:
Over the past 3-months, SMRT traded about 1.05M shares per day on average, while over the past 10 days, SMRT traded about 661530 shares per day. A total of 192.97M shares are outstanding, with a floating share count of 170.46M. Insiders hold about 11.48% of the company’s shares, while institutions hold 58.59% stake in the company. Shares short for SMRT as of 1735603200 were 6215352 with a Short Ratio of 5.92, compared to 1732838400 on 6602289. Therefore, it implies a Short% of Shares Outstanding of 6215352 and a Short% of Float of 3.46.
