SmartRent Inc (SMRT) is -3.36% away from 50-day simple Moving Average despite all headwinds

A new trading day began on Tuesday, with SmartRent Inc (NYSE: SMRT) stock price up 0.43% from the previous day of trading, before settling in for the closing price of $2.34. SMRT’s price has ranged from $2.20 to $4.12 over the past 52 weeks.

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Annual sales at Technology sector company grew by 67.80% over the past five years. Meanwhile, its annual earnings per share averaged 63.87%. With a float of $174.34 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

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of SmartRent Inc is 13.62%, while institutional ownership is 62.56%. 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

According to the Wall Street analysts, stocks earnings will be around 63.87% per share during the next fiscal year.

SmartRent Inc (NYSE: SMRT) Trading Performance Indicators

Here are SmartRent Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.13. Likewise, its price to free cash flow for the trailing twelve months is 34.07.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.02 in one year’s time.

Technical Analysis of SmartRent Inc (SMRT)

SmartRent Inc (NYSE: SMRT) saw its 5-day average volume 0.76 million, a negative change from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 33.33%. Additionally, its Average True Range was 0.09.

During the past 100 days, SmartRent Inc’s (SMRT) raw stochastic average was set at 17.65%, which indicates a significant decrease from 59.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.04% in the past 14 days, which was lower than the 42.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.43, while its 200-day Moving Average is $2.74. Nevertheless, the first resistance level for the watch stands at $2.38 in the near term. At $2.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.45. If the price goes on to break the first support level at $2.31, it is likely to go to the next support level at $2.28. The third support level lies at $2.24 if the price breaches the second support level.

SmartRent Inc (NYSE: SMRT) Key Stats

With a market capitalization of 474.30 million, the company has a total of 201,828K Shares Outstanding. Currently, annual sales are 236,840 K while annual income is -34,590 K. The company’s previous quarter sales were 50,490 K while its latest quarter income was -7,690 K.