SmartRent Inc (NYSE: SMRT) is -52.66% lower on its value in year-to-date trading and has touched a low of $1.17 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 $1.63 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $1.51, the stock is -11.44% and -11.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -7.36% at the moment leaves the stock -33.18% off its SMA200. SMRT registered -48.81% loss for a year compared to 6-month loss of -36.82%. The firm has a 50-day simple moving average (SMA 50) of $1.7042 and a 200-day simple moving average (SMA200) of $2.2675.
The stock witnessed a -9.04% gain in the last 1 month and extending the period to 3 months gives it a 6.34%, and is -10.65% 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 12.82% over the week and 6.24% over the month.
SmartRent Inc (SMRT) has around 526 employees, a market worth around $305.61M and $199.77M in sales. Profit margin for the company is -12.77%. Distance from 52-week low is 29.06% and -56.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.17%).
The EPS is expected to grow by 17.65% this year
168.0 institutions hold shares in SmartRent Inc (SMRT), with institutional investors hold 65.42% of the company’s shares. The shares outstanding are 203.33M, and float is at 180.41M with Short Float at 4.51%. Institutions hold 57.48% 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).
