SmartRent Inc (NYSE: SMRT) on Monday, plunged -4.09% from the previous trading day, before settling in for the closing price of $1.71. Within the past 52 weeks, SMRT’s price has moved between $1.65 and $3.88.
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During the last 5-year period, the sales growth of Technology Sector giant was 67.80%. The company achieved an average annual earnings per share of 68.63%. With a float of $174.32 million, this company’s outstanding shares have now reached $203.33 million.
Let’s determine the extent of company efficiency that accounts for 526 employees.
SmartRent Inc (SMRT) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of SmartRent Inc is 13.63%, while institutional ownership is 63.01%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 68.63% per share during the next fiscal year.
SmartRent Inc (NYSE: SMRT) Trading Performance Indicators
SmartRent Inc (SMRT) is currently performing well based on its current performance indicators. A quick ratio of 2.59 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.52. Likewise, its price to free cash flow for the trailing twelve months is 23.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of SmartRent Inc (SMRT)
Looking closely at SmartRent Inc (NYSE: SMRT), its last 5-days average volume was 3.7 million, which is a jump from its year-to-date volume of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 6.01%. Additionally, its Average True Range was 0.14.
During the past 100 days, SmartRent Inc’s (SMRT) raw stochastic average was set at 5.63%, which indicates a significant decrease from 8.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.28% in the past 14 days, which was higher than the 58.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.3326, while its 200-day Moving Average is $2.6971. However, in the short run, SmartRent Inc’s stock first resistance to watch stands at $1.6800. Second resistance stands at $1.7200. The third major resistance level sits at $1.7800. If the price goes on to break the first support level at $1.5800, it is likely to go to the next support level at $1.5200. Should the price break the second support level, the third support level stands at $1.4800.
SmartRent Inc (NYSE: SMRT) Key Stats
Market capitalization of the company is 331.00 million based on 201,828K outstanding shares. Right now, sales total 236,840 K and income totals -34,590 K. The company made 50,490 K in profit during its latest quarter, and -7,690 K in sales during its previous quarter.
