SmartRent Inc (NYSE:SMRT) currently has a daily average trading volume of 949.36K but it saw 963195 shares traded in last market. With a market cap of 294.63M USD, the company’s current market price of $1.53 came falling about -1.29 while comparing to the previous closing price of $1.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.05 and as low as $1.17.
Taking a look at 20-day trading activity of SmartRent Inc (SMRT) gives us an average price of $1.4810, while its current price level is -49.84% below from 52-week high level whereas it is 30.77% 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 $1.6072 while that of 200 days or SMA-200 reads an average of $1.8770. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.29% during that period while stretching the period over a month that increases to 5.35%. 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 50.92 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 4.08% up while it is -3.16% when we observe its performance for the past one month. Year-to-date it is -12.57% down and over the past year, the stock is showing a downside performance of -46.50%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.03 while estimate for next year EPS is -0.12. In next quarter, company is expected to be making quarterly sales of $44.52M as analysts are expecting the sales for current fiscal year at $177.29M and seeing the company making $190.86M in sales next year. Moreover, analysts are in estimates of $37.78M for current-quarter revenue.
Currently, SmartRent Inc’s total number of outstanding shares is 192.97M with 9.80% of that held by the insiders while 58.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.17% and return on equity (ROE) at -7.87%. Stock’s beta reads 1.91. Stock has a price to book (P/B) ratio of 0.97 while price to sale or P/S ratio amounts to 1.47. Its return on asset (ROA) is -5.29% on average.
