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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.82 million shares were traded. SMRT stock price reached its highest trading level at $2.33 during the session, while it also had its lowest trading level at $2.245.
Ratios:
For a better understanding of SMRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.08. 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:
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 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 467244704 and an Enterprise Value of 254492752. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 1.075 whereas that against EBITDA is -7.569.
Stock Price History:
The Beta on a monthly basis for SMRT is 1.99, which has changed by 0.026905775 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -15.95%, while the 200-Day Moving Average is calculated to be -24.26%.
Shares Statistics:
Over the past 3-months, SMRT traded about 1.39M shares per day on average, while over the past 10 days, SMRT traded about 1320470 shares per day. A total of 203.33M shares are outstanding, with a floating share count of 167.09M. Insiders hold about 18.04% of the company’s shares, while institutions hold 58.02% stake in the company. Shares short for SMRT as of 1711584000 were 15433434 with a Short Ratio of 11.09, compared to 1709164800 on 13118557. Therefore, it implies a Short% of Shares Outstanding of 15433434 and a Short% of Float of 8.0699995.
Earnings Estimates
At present, 5 analysts are actively evaluating the performance of SmartRent Inc (SMRT) in the stock market.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 $-0.01, with high estimates of $0 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 $-0.02. EPS for the following year is $0.04, with 5 analysts recommending between $0.07 and $0.02.
Revenue Estimates
5 analysts predict $51.12M in revenue for the current 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.
