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After finishing at $1.47 in the prior trading day, SmartRent Inc (NYSE: SMRT) closed at $1.44, down -2.04%. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 0.52 million shares were traded. SMRT stock price reached its highest trading level at $1.5 during the session, while it also had its lowest trading level at $1.42.
Ratios:
Our goal is to gain a better understanding of SMRT by taking a closer 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 277299360 and an Enterprise Value of 121768776. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 0.61 whereas that against EBITDA is -4.45.
Stock Price History:
The Beta on a monthly basis for SMRT is 1.90, which has changed by -0.51324505 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, SMRT has reached a high of $3.12, while it has fallen to a 52-week low of $1.17. The 50-Day Moving Average of the stock is -13.36%, while the 200-Day Moving Average is calculated to be -25.04%.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 915430 shares per day over the last 10 days, according to various share statistics. A total of 192.97M shares are outstanding, with a floating share count of 170.44M. Insiders hold about 11.49% of the company’s shares, while institutions hold 58.74% stake in the company. Shares short for SMRT as of 1736899200 were 5976248 with a Short Ratio of 5.63, compared to 1734048000 on 6703371. Therefore, it implies a Short% of Shares Outstanding of 5976248 and a Short% of Float of 3.32.
