SmartRent Inc (NYSE: SMRT) kicked off on Tuesday, down -0.58% from the previous trading day, before settling in for the closing price of $1.72. Over the past 52 weeks, SMRT has traded in a range of $1.35-$3.47.
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During the last 5-year period, the sales growth of Technology Sector giant was 67.80%. 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.
Let’s determine the extent of company efficiency that accounts for 526 employees.
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 60.83%. The most recent insider transaction that took place on Sep 18 ’24, was worth 2,685,000. Before that another transaction happened on Sep 10 ’24, when Company’s Former officer proposed sale 1,200,000 for $1.68, making the entire transaction worth $2,016,000.
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 1.59. Likewise, its price to free cash flow for the trailing twelve months is 84.83.
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)
Looking closely at SmartRent Inc (NYSE: SMRT), its last 5-days average volume was 2.54 million, which is a jump from its year-to-date volume of 1.49 million. As of the previous 9 days, the stock’s Stochastic %D was 41.88%. Additionally, its Average True Range was 0.10.
During the past 100 days, SmartRent Inc’s (SMRT) raw stochastic average was set at 22.09%, which indicates a significant decrease from 41.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.72% in the past 14 days, which was lower than the 65.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8238, while its 200-day Moving Average is $2.4880. However, in the short run, SmartRent Inc’s stock first resistance to watch stands at $1.7500. Second resistance stands at $1.7900. The third major resistance level sits at $1.8200. If the price goes on to break the first support level at $1.6800, it is likely to go to the next support level at $1.6500. Should the price break the second support level, the third support level stands at $1.6100.
SmartRent Inc (NYSE: SMRT) Key Stats
The company with the Market Capitalisation of 346.09 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.
