SRM Entertainment Inc (NASDAQ: SRM) Recovers 34.28% From 52-Week Low, Is SRM Still A High-Risk, High-Reward Play?

SRM Entertainment Inc (NASDAQ:SRM) currently has a daily average trading volume of 3.02M but it saw 2045822 shares traded in last market. With a market cap of 10.27M USD, the company’s current market price of $0.74 came falling about -0.39 while comparing to the previous closing price of $0.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.05 and as low as $0.55. In the recent trading on the day, stock has struck highest price mark of $0.74 while lowest mark touched by it was $0.88.

Taking a look at 20-day trading activity of SRM Entertainment Inc (SRM) gives us an average price of $0.7030, while its current price level is -75.74% below from 52-week high level whereas it is 34.28% 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 $0.7077 while that of 200 days or SMA-200 reads an average of $1.0471. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.62% during that period while stretching the period over a month that increases to 14.86%. 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 51.07 which implies that the stock is in neutral territory.

Over the week, SRM’s stock price is moving -5.73% down while it is 28.70% when we observe its performance for the past one month. Year-to-date it is -52.26% down and over the past year, the stock is showing a downside performance of -74.57%.

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 1.39. Stock has a price to book (P/B) ratio of 2.75 while price to sale or P/S ratio amounts to 2.24. Its return on asset (ROA) is -76.97% on average.