At the time of writing, SmartRent Inc [SMRT] stock is trading at $1.19, up 0.85%. 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 10.19% over the last week, with a monthly amount drifted -23.23%, and not seem to be holding up well over a long-time horizon.
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 $1.07 and $2.98. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. SmartRent Inc [NYSE: SMRT] shares were valued at $1.19 at the most recent close of the market. An investor can expect a potential return of 236.13% based on the average SMRT price forecast.
Analyzing the SMRT fundamentals
According to SmartRent Inc [NYSE:SMRT], the company’s sales were 174.88M for trailing twelve months, which represents an -41.30% plunge. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.11 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 1.1483 points at the first support level, and at 1.1067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2333, and for the 2nd resistance point, it is at 1.2767.
Ratios To Look Out For
It is important to note that SmartRent Inc [NYSE:SMRT] has a current ratio of 3.50. In addition, the Quick Ratio stands at 3.01 and the Cash Ratio stands at 2.01. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.79.
Transactions by insiders
Recent insider trading involved Paladin Michael Shane, Chief Executive Officer, that happened on Mar 13 ’25 when 43859.0 shares were purchased. Director, DORMAN JOHN C completed a deal on Mar 10 ’25 to buy 0.12 million shares. Meanwhile, CFO STEMM DARYL bought 10000.0 shares on Mar 07 ’25.
