At the time of writing, SmartRent Inc [SMRT] stock is trading at $2.39, down -1.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SMRT shares have gain 5.29% over the last week, with a monthly amount drifted -0.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SmartRent Inc [NYSE: SMRT] stock has seen the most recent analyst activity on January 19, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $4.50. Previously, Imperial Capital started tracking the stock with Outperform rating on August 16, 2022, and set its price target to $6. Compass Point started tracking the stock assigning a Buy rating and suggested a price target of $8 on May 25, 2022. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $9 as its price target on February 15, 2022. Keefe Bruyette started tracking with a Outperform rating for this stock on February 14, 2022, and assigned it a price target of $13. In a note dated February 08, 2022, Colliers Securities initiated an Buy rating and provided a target price of $9 on this stock.
For the past year, the stock price of SmartRent Inc fluctuated between $2.12 and $4.01. Currently, Wall Street analysts expect the stock to reach $4.42 within the next 12 months. SmartRent Inc [NYSE: SMRT] shares were valued at $2.39 at the most recent close of the market. An investor can expect a potential return of 84.94% based on the average SMRT price forecast.
Analyzing the SMRT fundamentals
According to SmartRent Inc [NYSE:SMRT], the company’s sales were 222.25M for trailing twelve months, which represents an -22.42% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.09 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.34 points at the first support level, and at 2.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.46, and for the 2nd resistance point, it is at 2.53.
Ratios To Look Out For
It is important to note that SmartRent Inc [NYSE:SMRT] has a current ratio of 2.88. In addition, the Quick Ratio stands at 2.59 and the Cash Ratio stands at 1.92. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.45.
Transactions by insiders
Recent insider trading involved Beard Alana, Director, that happened on Dec 14 ’23 when 3000.0 shares were sold. Director, STROHM BRUCE C completed a deal on Nov 20 ’23 to buy 44000.0 shares. Meanwhile, Director STROHM BRUCE C bought 41149.0 shares on Nov 17 ’23.
