In other words, the price has increased by $0.0000 from its previous closing price. On the day, 1243530 shares were traded.
Ratios:
For a deeper understanding of SmartRent Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 94.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.45 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 19, 2024, initiated with a Buy rating and assigned the stock a target price of $4.50.
On August 16, 2022, Imperial Capital started tracking the stock assigning a Outperform rating and target price of $6.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 14 ’23 when Beard Alana sold 3,000 shares for $3.32 per share. The transaction valued at 9,960 led to the insider holds 67,412 shares of the business.
STROHM BRUCE C bought 44,000 shares of SMRT for $131,120 on Nov 20 ’23. The Director now owns 226,561 shares after completing the transaction at $2.98 per share. On Nov 17 ’23, another insider, STROHM BRUCE C, who serves as the Director of the company, bought 41,149 shares for $2.85 each. As a result, the insider paid 117,275 and bolstered with 182,561 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 552.48M and an Enterprise Value of 630.12M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 2.66 whereas that against EBITDA is -16.75.
Stock Price History:
Over the past 52 weeks, SMRT has reached a high of $4.12, while it has fallen to a 52-week low of $2.15. The 50-Day Moving Average of the stock is 2.9554, while the 200-Day Moving Average is calculated to be 3.1467.
Shares Statistics:
For the past three months, SMRT has traded an average of 1.14M shares per day and 1.6M over the past ten days. A total of 203.33M shares are outstanding, with a floating share count of 167.16M. Insiders hold about 18.01% of the company’s shares, while institutions hold 58.00% stake in the company. Shares short for SMRT as of Feb 15, 2024 were 13.07M with a Short Ratio of 11.49, compared to 10.94M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.44% and a Short% of Float of 7.03%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.02, while EPS last year was -$0.07. The consensus estimate for the next quarter is $0, with high estimates of $0.01 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.01 and -$0.04 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0.06, with 6 analysts recommending between $0.16 and $0.02.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $51.12M this quarter.It ranges from a high estimate of $52.5M to a low estimate of $49.24M. As of the current estimate, SmartRent Inc’s year-ago sales were $65.08M, an estimated decrease of -21.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $54.28M, an increase of 1.60% over than the figure of -$21.40% in the same quarter last year. There is a high estimate of $56.72M for the next quarter, whereas the lowest estimate is $51.79M.
A total of 7 analysts have provided revenue estimates for SMRT’s current fiscal year. The highest revenue estimate was $279.5M, while the lowest revenue estimate was $258.25M, resulting in an average revenue estimate of $272.97M. In the same quarter a year ago, actual revenue was $236.84M, up 15.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $326.88M in the next fiscal year. The high estimate is $336.89M and the low estimate is $313.7M. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
