SmartRent Inc (NYSE: SMRT) is -48.90% lower on its value in year-to-date trading and has touched a low of $1.35 and a high of $3.47 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 $1.66 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.63, the stock is -4.62% and -2.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -1.81% at the moment leaves the stock -31.90% off its SMA200. SMRT registered -41.79% loss for a year compared to 6-month loss of -34.80%. The firm has a 50-day simple moving average (SMA 50) of $1.6648 and a 200-day simple moving average (SMA200) of $2.39345.
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The stock witnessed a -2.98% gain in the last 1 month and extending the period to 3 months gives it a -32.08%, and is 1.87% up 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 4.23% over the week and 5.14% over the month.
SmartRent Inc (SMRT) has around 526 employees, a market worth around $329.90M and $217.36M in sales. Profit margin for the company is -10.73%. Distance from 52-week low is 20.74% and -53.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.08%).
The EPS is expected to grow by 41.18% this year
163.0 institutions hold shares in SmartRent Inc (SMRT), with institutional investors hold 70.08% of the company’s shares. The shares outstanding are 203.33M, and float is at 180.41M with Short Float at 3.71%. Institutions hold 61.58% 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
Still, SEC filings show that on Sep 10 ’24, Lucas Haldeman (Former officer) Proposed Sale 1,200,000 shares at an average price of $1.68 for $2.02 million. The insider now directly holds shares of SmartRent Inc (SMRT).
