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As of close of business last night, SmartRent Inc’s stock clocked out at $1.71, down -1.16% from its previous closing price of $1.73. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 0.71 million shares were traded. SMRT stock price reached its highest trading level at $1.77 during the session, while it also had its lowest trading level at $1.69.
Ratios:
To gain a deeper understanding of SMRT’s stock, we examine 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:
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 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 329292992 and an Enterprise Value of 173762480. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 0.87 whereas that against EBITDA is -6.35.
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 $1.17. The 50-Day Moving Average of the stock is 3.02%, while the 200-Day Moving Average is calculated to be -20.13%.
Shares Statistics:
It appears that SMRT traded 1.52M shares on average per day over the past three months and 1527340 shares per day over the past ten days. A total of 192.97M shares are outstanding, with a floating share count of 171.54M. Insiders hold about 10.92% of the company’s shares, while institutions hold 58.60% stake in the company. Shares short for SMRT as of 1731628800 were 8237228 with a Short Ratio of 5.41, compared to 1728950400 on 8140225. Therefore, it implies a Short% of Shares Outstanding of 8237228 and a Short% of Float of 4.58.
