As of Friday close, SmartRent Inc.’s (NYSE:SMRT) stock was up $0.05, moving up 1.47 percent to $3.44. The average number of shares traded per day over the past five days has been 915,100 shares. 4 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 989,560, while in the previous 50 days, it was 1,483,368.
Since last month, SMRT stock retreated -9.47%. Shares of the company fell to $3.20 on 08/10/23, the lowest level in the past month. A 52-week high of $4.12 was reached on 07/14/23 after having rallying from a 52-week low of $2.03. Since the beginning of this year, SMRT’s stock price has risen by 41.56% or $1.01, and marked a new high 17 times. However, the stock has declined by -16.50% since its 52-week high.
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SMRT stock investors should be aware that SmartRent Inc. (SMRT) stock had its last reported insider trading activity 64 days ago on Jun 16. DeRose-Wilson Isaiah, the Chief Technology Officer of the company, disposed of 65,067 shares for $3.23 on Jun 16. It resulted in a $210,492 divestment by the insider. DeRose-Wilson Isaiah sold 2,851 shares at an average price of $3.50 on Jun 14. The insider now owns 70,406 shares following the transaction. On May 24, Director Beard Alana sold 12,000 shares at $3.39 apiece. The transaction was valued at $40,680.
Valuation Metrics
The stock’s beta is 1.85. Besides these, the trailing price-to-sales (P/S) ratio of 3.30, the price-to-book (PB) ratio of 1.98.
The latest dividend of $0.0750 per share was paid out, remained unchanged from last year’s $0.0750.
Financial Health
In the three months ended June 29, SmartRent Inc.’s quick ratio stood at 2.40, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 11.70% percent. In the year ended June 29, EBITDA margin amounted to -55.54%, whereas operating margins totaled -36.90%. Based on annual data, SMRT earned $1.35 million in gross profit and brought in $167.82 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -27.10%. Return on equity (ROE) for the past 12 months was -19.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SMRT’s revenue rose 20.58% to $65.08 million during the quarter, while net income inched up to $53.4 million. While analysts expected SmartRent Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.05 per share. During the quarter, the company generated -$10.74 million in EBITDA. The liabilities of SmartRent Inc. were 174.28 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $200.24 million.
Technical Picture
This quick technical analysis looks at SmartRent Inc.’s (SMRT) price momentum. With a historical volatility rate of 52.01%, the RSI 9-day stood at 38.69% on 18 August.
With respect to its five-day moving average, the current SmartRent Inc. price is up by +1.47% percent or $0.05. At present, SMRT shares trade -11.11% below its 20-day simple moving average and +43.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.18% below its SMA50 and +25.09% above its SMA200.
Stochastic coefficient K was 24.49% and Stochastic coefficient D was 24.45%, while ATR was 0.19. Given the Stochastic reading of 30.00% for the 14-day period, the RSI (14) reading has been calculated as 41.15%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.18.
Analyst Ratings
Imperial Capital launched its rating on SmartRent Inc. (NYSE: SMRT) to an Outperform in a note to investors on August 16, 2022. SmartRent Inc. (SMRT) has been rated Buy by analysts. According to 0 brokerage firms, SMRT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SmartRent Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.40 – $7.00. Based on these forecasts, analysts predict SmartRent Inc. (SMRT) will achieve an average price target of $4.91.
