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The closing price of SmartRent Inc (NYSE: SMRT) was $1.53 for the day, down -1.29% from the previous closing price of $1.55. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 0.96 million shares were traded.
Ratios:
Our analysis of SMRT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 0.97.
Stock Price History:
Over the past 52 weeks, SMRT has reached a high of $3.05, while it has fallen to a 52-week low of $1.17. The 50-Day Moving Average of the stock is -4.80%, while the 200-Day Moving Average is calculated to be -18.49%.
Shares Statistics:
A total of 192.97M shares are outstanding, with a floating share count of 170.40M. Insiders hold about 11.51% of the company’s shares, while institutions hold 57.33% stake in the company.
