With 203.33M Outstanding Shares, Can SmartRent Inc (NYSE: SMRT) Deliver Big Short-Term Gains?

SmartRent Inc (NYSE:SMRT) currently has a daily average trading volume of 1.56M but it saw 2233699 shares traded in last market. With a market cap of 476.32M USD, the company’s current market price of $2.36 came rising about 4.42 while comparing to the previous closing price of $2.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.12 and as low as $2.20.

Taking a look at 20-day trading activity of SmartRent Inc (SMRT) gives us an average price of $2.50, while its current price level is -42.72% below from 52-week high level whereas it is 7.27% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.49 while that of 200 days or SMA-200 reads an average of $2.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.48% during that period while stretching the period over a month that decreases to 5.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.68 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BTIG Research which initiated the stock as “Buy” in its note to investors issued on January 19, 2024, recommending a price target of $4.50 for it. Cantor Fitzgerald issued its recommendations for the stock as it resumed the price target for the stock is $6.

Over the week, SMRT’s stock price is moving -3.67% down while it is -3.67% when we observe its performance for the past one month. Year-to-date it is -26.02% down and over the past year, the stock is showing a downside performance of -34.44%.

Currently, SmartRent Inc’s total number of outstanding shares is 203.33M. Company’s return on investment (ROI) stands at -8.73% and return on equity (ROE) at -8.45%. It has a 157.33 of forward P/E ratio. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 1.43 while price to sale or P/S ratio amounts to 2.14. Its return on asset (ROA) is -5.69% on average.