SmartRent Inc (NYSE: SMRT) kicked off on Tuesday, down -2.22% from the previous trading day, before settling in for the closing price of $1.80. Over the past 52 weeks, SMRT has traded in a range of $1.35-$3.47.
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Technology Sector giant saw their annual sales surged by 67.80% over the last five years. While this was happening, its average annual earnings per share was recorded 42.35%. With a float of $180.41 million, this company’s outstanding shares have now reached $203.33 million.
The firm has a total of 526 workers. Let’s measure their productivity. In terms of profitability, gross margin is 30.94%, operating margin of -11.58%, and the pretax margin is -10.73%.
SmartRent Inc (SMRT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of SmartRent Inc is 10.86%, while institutional ownership is 60.82%. The most recent insider transaction that took place on Sep 10 ’24, was worth 2,016,000. Before that another transaction happened on Sep 06 ’24, when Company’s Director bought 75,000 for $1.63, making the entire transaction worth $122,115. This insider now owns 150,000 shares in total.
SmartRent Inc (SMRT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.04 earnings per share (EPS), higher than consensus estimate (set at -0.04) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 42.35% per share during the next fiscal year.
SmartRent Inc (NYSE: SMRT) Trading Performance Indicators
Take a look at SmartRent Inc’s (SMRT) current performance indicators. Last quarter, stock had a quick ratio of 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.64. Likewise, its price to free cash flow for the trailing twelve months is 87.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of SmartRent Inc (SMRT)
Analysing the last 5-days average volume posted by the [SmartRent Inc, SMRT], we can find that recorded value of 2.48 million was better than the volume posted last year of 1.46 million. As of the previous 9 days, the stock’s Stochastic %D was 66.67%. Additionally, its Average True Range was 0.11.
During the past 100 days, SmartRent Inc’s (SMRT) raw stochastic average was set at 25.15%, which indicates a significant decrease from 55.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.85% in the past 14 days, which was lower than the 66.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8822, while its 200-day Moving Average is $2.5254. Now, the first resistance to watch is $1.8167. This is followed by the second major resistance level at $1.8733. The third major resistance level sits at $1.9067. If the price goes on to break the first support level at $1.7267, it is likely to go to the next support level at $1.6933. Should the price break the second support level, the third support level stands at $1.6367.
SmartRent Inc (NYSE: SMRT) Key Stats
The company with the Market Capitalisation of 356.21 million has total of 201,828K Shares Outstanding. Its annual sales at the moment are 236,840 K in contrast with the sum of -34,590 K annual income. Company’s last quarter sales were recorded 48,520 K and last quarter income was -4,610 K.
