SmartRent Inc (NYSE: SMRT) is -47.65% lower on its value in year-to-date trading and has touched a low of $1.35 and a high of $3.57 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 $1.68 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.67, the stock is 3.50% and -17.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing -0.60% at the moment leaves the stock -35.65% off its SMA200. SMRT registered -49.70% loss for a year compared to 6-month loss of -39.49%.
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The stock witnessed a 1.83% gain in the last 1 month and extending the period to 3 months gives it a -26.11%, and is -2.91% 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 5.10% over the week and 7.16% over the month.
SmartRent Inc (SMRT) has around 526 employees, a market worth around $337.99M and $217.36M in sales. Profit margin for the company is -10.73%. Distance from 52-week low is 23.70% and -53.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.08%).
SmartRent Inc quarterly earnings per share for the current quarter are estimated at -0.02 with sales reaching $47.37M over the same period.The EPS is expected to grow by 45.10% this year, but quarterly earnings will post -11.00% year-over-year. Quarterly sales are estimated to shrink -18.50% in year-over-year returns.
164.0 institutions hold shares in SmartRent Inc (SMRT), with institutional investors hold 70.03% of the company’s shares. The shares outstanding are 203.33M, and float is at 174.77M with Short Float at 4.84%. Institutions hold 61.54% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.96 million shares valued at $40.52 million. The investor’s holdings represent 8.3325 of the SMRT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.33 million shares valued at $36.64 million to account for 7.5347 of the shares outstanding. The other top investors are LONG POND CAPITAL, LP which holds 9.32 million shares representing 4.5783 and valued at over $22.27 million, while VULCAN VALUE PARTNERS, LLC holds 4.4206 of the shares totaling 9.0 million with a market value of $21.5 million.
SmartRent Inc (SMRT) Insider Activity
The most recent transaction is an insider purchase by Martell Frank, the company’s Director. SEC filings show that Martell Frank bought 75,000 shares of the company’s common stock on Aug 30 ’24 at a price of $1.68 per share for a total of $0.13 million. Following the purchase, the insider now owns 75000.0 shares.
SmartRent Inc disclosed in a document filed with the SEC on Aug 30 ’24 that Young Robyn (Chief Marketing Officer) bought a total of 14,793 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $1.70 per share for $25114.0. Following the transaction, the insider now directly holds 52305.0 shares of the SMRT stock.
Still, SEC filings show that on Aug 29 ’24, Lucas Haldeman (Former officer) Proposed Sale 1,200,000 shares at an average price of $1.70 for $2.04 million. The insider now directly holds shares of SmartRent Inc (SMRT).
