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As of close of business last night, SmartRent Inc’s stock clocked out at $2.36, down -4.07% from its previous closing price of $2.46. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 1.34 million shares were traded. SMRT stock price reached its highest trading level at $2.58 during the session, while it also had its lowest trading level at $2.35.
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 2.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 82.53. 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:
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 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 481527264 and an Enterprise Value of 268763584. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 1.135 whereas that against EBITDA is -7.994.
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 -14.24%, while the 200-Day Moving Average is calculated to be -22.32%.
Shares Statistics:
It appears that SMRT traded 1.42M shares on average per day over the past three months and 1289850 shares per day over the past ten days. 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 10.89, 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
The performance of SmartRent Inc (SMRT) in the stock market is under the watchful eye of NuScale Power Corporation analysts actively contributing to its current rating.The consensus estimate for the next quarter is $24.98, with high estimates of $3.51 and low estimates of $1.55.
