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As of close of business last night, SmartRent Inc’s stock clocked out at $1.72, down -1.71% from its previous closing price of $1.75. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 1.84 million shares were traded. SMRT stock price reached its highest trading level at $1.7799 during the session, while it also had its lowest trading level at $1.72.
Ratios:
To gain a deeper understanding of SMRT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.32. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 3.02. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 18 ’24 when Lucas Haldeman bought 1,500,000 shares for $1.79 per share.
Lucas Haldeman bought 1,200,000 shares of SMRT for $2,016,000 on Sep 10 ’24. On Sep 06 ’24, another insider, Martell Frank, who serves as the Director of the company, bought 75,000 shares for $1.63 each. As a result, the insider paid 122,115 and bolstered with 150,000 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 348117696 and an Enterprise Value of 160681840. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 0.739 whereas that against EBITDA is -6.272.
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 $1.35. The 50-Day Moving Average of the stock is -7.13%, while the 200-Day Moving Average is calculated to be -31.29%.
Shares Statistics:
It appears that SMRT traded 1.78M shares on average per day over the past three months and 2557350 shares per day over the past ten days. A total of 203.33M shares are outstanding, with a floating share count of 180.41M. Insiders hold about 10.86% of the company’s shares, while institutions hold 60.82% stake in the company. Shares short for SMRT as of 1724976000 were 8928047 with a Short Ratio of 5.01, compared to 1722384000 on 10824582. Therefore, it implies a Short% of Shares Outstanding of 8928047 and a Short% of Float of 4.71.
