SmartRent Inc (NYSE:SMRT) currently has a daily average trading volume of 1.21M but it saw 1931501 shares traded in last market. With a market cap of 242.63M USD, the company’s current market price of $1.26 came falling about -7.35 while comparing to the previous closing price of $1.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.98 and as low as $1.09.
Taking a look at 20-day trading activity of SmartRent Inc (SMRT) gives us an average price of $1.3850, while its current price level is -57.72% below from 52-week high level whereas it is 15.60% 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 $1.5122 while that of 200 days or SMA-200 reads an average of $1.8164. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.15% during that period while stretching the period over a month that decreases to 6.86%. 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 37.98 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 1.61% up while it is -14.29% when we observe its performance for the past one month. Year-to-date it is -28.00% down and over the past year, the stock is showing a downside performance of -56.40%.
The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.06. In next quarter, company is expected to be making quarterly sales of $41.15M as analysts are expecting the sales for current fiscal year at $164.41M and seeing the company making $203.7M in sales next year. Moreover, analysts are in estimates of $40.1M for current-quarter revenue.
Currently, SmartRent Inc’s total number of outstanding shares is 192.05M with 9.80% of that held by the insiders while 58.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -11.35% and return on equity (ROE) at -10.65%. Stock’s beta reads 1.87. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 1.39. Its return on asset (ROA) is -7.24% on average.
