SmartRent Inc (NYSE:SMRT) currently has a daily average trading volume of 1.56M but it saw 3671089 shares traded in last market. With a market cap of 329.90M USD, the company’s current market price of $1.63 came falling about -7.39 while comparing to the previous closing price of $1.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.47 and as low as $1.35. In the recent trading on the day, stock has struck highest price mark of $1.17 while lowest mark touched by it was $1.7.
Taking a look at 20-day trading activity of SmartRent Inc (SMRT) gives us an average price of $1.7110, while its current price level is -53.03% below from 52-week high level whereas it is 20.74% 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 $1.7042 while that of 200 days or SMA-200 reads an average of $2.2675. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.75% during that period while stretching the period over a month that decreases to 6.11%. 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 41.41 which implies that the stock is in neutral territory.
Cantor Fitzgerald downgraded its recommendation for the stock as a “Neutral” from “Overweight” on August 08, 2024 while assigning a price target range of $4-$2.
Over the week, SMRT’s stock price is moving -6.86% down while it is -1.81% when we observe its performance for the past one month. Year-to-date it is -48.90% down and over the past year, the stock is showing a downside performance of -37.07%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.04 beat the consensus estimate of -0.04 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-06, for which analysts forecasted an EPS of -0.02 while estimate for next year EPS is -0.09. In next quarter, company is expected to be making quarterly sales of $47.24M as analysts are expecting the sales for current fiscal year at $172.5M and seeing the company making $215.26M in sales next year. Moreover, analysts are in estimates of $45.94M for current-quarter revenue.
Currently, SmartRent Inc’s total number of outstanding shares is 203.33M. Company’s return on investment (ROI) stands at -7.08% and return on equity (ROE) at -6.89%. Stock’s beta reads 1.97. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 1.52. Its return on asset (ROA) is -4.68% on average.
