SmartRent Inc. (NYSE: SMRT) is -72.00% lower on its value in year-to-date trading and has touched a low of $2.48 and a high of $14.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMRT stock was last observed hovering at around $2.54 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $6.00 for the next 12 months. It is also 54.83% off the consensus price target high of $6.00 offered by 9 analysts, but current levels are 39.78% higher than the price target low of $4.50 for the same period.
Currently trading at $2.71, the stock is -11.73% and -33.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.47 million and changing 6.69% at the moment leaves the stock -54.85% off its SMA200. SMRT registered -79.09% loss for a year compared to 6-month loss of -61.12%.
The stock witnessed a -22.35% gain in the last 1 month and extending the period to 3 months gives it a -44.69%, and is -7.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.93% over the week and 6.51% over the month.
SmartRent Inc. (SMRT) has around 639 employees, a market worth around $563.35M and $149.60M in sales. Profit margin for the company is -67.90%. Distance from 52-week low is 9.27% and -81.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.00%).
SmartRent Inc. (SMRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SmartRent Inc. (SMRT) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SmartRent Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to grow by 53.10% this year
SmartRent Inc. (SMRT) Top Institutional Holders
The shares outstanding are 195.69M, and float is at 138.84M with Short Float at 6.62%.
SmartRent Inc. (SMRT) Insider Activity
A total of 169 insider transactions have happened at SmartRent Inc. (SMRT) in the last six months, with sales accounting for 87 and purchases happening 82 times. The most recent transaction is an insider purchase by Best Robert T., the company’s Director. SEC filings show that Best Robert T. bought 84,000 shares of the company’s common stock on Aug 17 at a price of $3.65 per share for a total of $0.31 million. Following the purchase, the insider now owns 4.91 million shares.
SmartRent Inc. disclosed in a document filed with the SEC on Aug 11 that BAIN CAPITAL VENTURE INVESTORS (10% Owner) sold a total of 95,634 shares of the company’s common stock. The trade occurred on Aug 11 and was made at $5.61 per share for $0.54 million. Following the transaction, the insider now directly holds 19.63 million shares of the SMRT stock.
Still, SEC filings show that on Aug 10, BAIN CAPITAL VENTURE INVESTORS (10% Owner) disposed off 66,939 shares at an average price of $5.53 for $0.37 million. The insider now directly holds 19,726,258 shares of SmartRent Inc. (SMRT).