Market Watch Highlights: SmartRent Inc (SMRT) Ends on an Downturn Note at 1.72

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your 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

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.

Most Popular