On Tuesday, SmartRent Inc (NYSE: SMRT) was 0.77% jump from the session before ,before settling in for the closing price of $2.60. A 52-week range for SMRT has been $2.15 – $4.12.
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Annual sales at Technology sector company grew by 67.80% over the past five years. When this article was written, the company’s average yearly earnings per share was at 89.22%. With a float of $166.98 million, this company’s outstanding shares have now reached $203.33 million.
Let’s look at the performance matrix of the company that is accounted for 526 employees.
SmartRent Inc (SMRT) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward SmartRent Inc stocks. The insider ownership of SmartRent Inc is 18.10%, while institutional ownership is 58.02%. The most recent insider transaction that took place on Dec 14 ’23, was worth 9,960. In this transaction Director of this company sold 3,000 shares at a rate of $3.32, taking the stock ownership to the 67,412 shares. Before that another transaction happened on Nov 20 ’23, when Company’s Director bought 44,000 for $2.98, making the entire transaction worth $131,120. This insider now owns 226,561 shares in total.
SmartRent Inc (SMRT) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted -$0.02 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.01) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 89.22% per share during the next fiscal year.
SmartRent Inc (NYSE: SMRT) Trading Performance Indicators
You can see what SmartRent Inc (SMRT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.26. Likewise, its price to free cash flow for the trailing twelve months is 91.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.04 in one year’s time.
Technical Analysis of SmartRent Inc (SMRT)
SmartRent Inc (NYSE: SMRT) saw its 5-day average volume 1.5 million, a positive change from its year-to-date volume of 1.33 million. As of the previous 9 days, the stock’s Stochastic %D was 24.82%. Additionally, its Average True Range was 0.12.
During the past 100 days, SmartRent Inc’s (SMRT) raw stochastic average was set at 11.46%, which indicates a significant decrease from 35.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.84% in the past 14 days, which was lower than the 53.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.82, while its 200-day Moving Average is $3.07. Nevertheless, the first resistance level for the watch stands at $2.64 in the near term. At $2.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.69. If the price goes on to break the first support level at $2.59, it is likely to go to the next support level at $2.56. The third support level lies at $2.54 if the price breaches the second support level.
SmartRent Inc (NYSE: SMRT) Key Stats
There are 203,869K outstanding shares of the company, which has a market capitalization of 534.14 million. As of now, sales total 236,840 K while income totals -34,590 K. Its latest quarter income was 60,250 K while its last quarter net income were -3,300 K.
