At the time of writing, SmartRent Inc [SMRT] stock is trading at $1.59, up 10.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMRT shares have gain 4.61% over the last week, with a monthly amount drifted -34.57%, 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 August 08, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform. Previously, Cantor Fitzgerald downgraded its rating to Neutral on August 08, 2024, and dropped its price target to $2. On August 02, 2024, downgrade downgraded it’s rating to Neutral. DA Davidson downgraded its rating to a Neutral and decreased its price target to $2 on July 31, 2024. Colliers Securities downgraded its rating to a Neutral. BTIG Research started tracking with a Buy rating for this stock on January 19, 2024, and assigned it a price target of $4.50. In a note dated August 16, 2022, Imperial Capital initiated an Outperform rating and provided a target price of $6 on this stock.
For the past year, the stock price of SmartRent Inc fluctuated between $1.35 and $3.64. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. SmartRent Inc [NYSE: SMRT] shares were valued at $1.59 at the most recent close of the market. An investor can expect a potential return of 151.57% based on the average SMRT price forecast.
Analyzing the SMRT fundamentals
According to SmartRent Inc [NYSE:SMRT], the company’s sales were 217.36M for trailing twelve months, which represents an -9.15% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.2.
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 1.4583 points at the first support level, and at 1.3267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6833, and for the 2nd resistance point, it is at 1.7767.
Ratios To Look Out For
It is important to note that SmartRent Inc [NYSE:SMRT] has a current ratio of 3.02. As well, the Quick Ratio is 2.67, while the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 0.98.
Transactions by insiders
Recent insider trading involved Lucas Haldeman, Former Officer, that happened on Aug 09 ’24 when 0.75 million shares were purchased. Director, Beard Alana completed a deal on Dec 14 ’23 to sell 3000.0 shares. Meanwhile, Director STROHM BRUCE C bought 44000.0 shares on Nov 20 ’23.
