Analysts Update Their Price Forecasts For SmartRent Inc (SMRT)

SmartRent Inc (SMRT) concluded trading on Wednesday at a closing price of $1.16, with 4.77 million shares of worth about $5.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.40% during that period and on March 12, 2025 the price saw a gain of about 3.57%. Currently the company’s common shares owned by public are about 192.05M shares, out of which, 170.55M shares are available for trading.

Stock saw a price change of -14.71% in past 5 days and over the past one month there was a price change of -13.43%. Year-to-date (YTD), SMRT shares are showing a performance of -33.71% which decreased to -57.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.09 but also hit the highest price of $2.98 during that period. The average intraday trading volume for SmartRent Inc shares is 1.31 million. The stock is currently trading -13.59% below its 20-day simple moving average (SMA20), while that difference is down -21.48% for SMA50 and it goes to -35.12% lower than SMA200.

SmartRent Inc (NYSE: SMRT) currently have 192.05M outstanding shares and institutions hold larger chunk of about 57.44% of that.

The stock has a current market capitalization of $223.54M and its 3Y-monthly beta is at 1.87. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 3.01 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMRT, volatility over the week remained 7.87% while standing at 7.11% over the month.

Stock’s fiscal year EPS is expected to rise by 14.71% while it is estimated to increase by 31.03% in next year.

Coverage by Cantor Fitzgerald stated SmartRent Inc (SMRT) stock as a Neutral in their note to investors on August 08, 2024, suggesting a price target of $2 for the stock. On August 02, 2024, BTIG Research Downgrade their recommendations, while on July 31, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $2. Stock get a Neutral rating from Colliers Securities on July 31, 2024.

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