SRM Entertainment Inc (NASDAQ: SRM) Emerges As Guiding Light For Investors

SRM Entertainment Inc (NASDAQ:SRM) currently has a daily average trading volume of 652.90K but it saw 143001194 shares traded in last market. With a market cap of 16.10M USD, the company’s current market price of $1.16 came rising about 84.10 while comparing to the previous closing price of $0.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.20 and as low as $0.55. In the recent trading on the day, stock has struck highest price mark of $1.04 while lowest mark touched by it was $1.66.

Taking a look at 20-day trading activity of SRM Entertainment Inc (SRM) gives us an average price of $0.6636, while its current price level is -63.75% below from 52-week high level whereas it is 110.49% 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 $0.7042 while that of 200 days or SMA-200 reads an average of $1.0618. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.58% during that period while stretching the period over a month that decreases to 13.19%. 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 76.49 which implies that the stock is in overbought territory.

Over the week, SRM’s stock price is moving 73.13% up while it is 52.87% when we observe its performance for the past one month. Year-to-date it is -25.16% down and over the past year, the stock is showing a downside performance of -61.33%.

Currently, SRM Entertainment Inc’s total number of outstanding shares is 12.16M. Company’s return on investment (ROI) stands at -125.83% and return on equity (ROE) at -106.58%. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 4.31 while price to sale or P/S ratio amounts to 3.51. Its return on asset (ROA) is -76.97% on average.