Currently, there are 191.75M common shares owned by the public and among those 170.93M shares have been available to trade.
The company’s stock has a 5-day price change of 4.54% and -19.79% over the past three months. SMRT shares are trading -60.24% year to date (YTD), with the 12-month market performance down to -46.83% lower. It has a 12-month low price of $0.67 and touched a high of $2.56 over the same period. SMRT has an average intraday trading volume of 2.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.83%, 6.20%, and -31.51% respectively.
Institutional ownership of SmartRent Inc (NYSE: SMRT) shares accounts for 63.26% of the company’s 191.75M shares outstanding.
It has a market capitalization of $175.08M and a beta (3y monthly) value of 1.80. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.03% over the week and 7.44% over the month.
Analysts forecast that SmartRent Inc (SMRT) will achieve an EPS of -0.03 for the current quarter, -0.03 for the next quarter and -0.1 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.03 while analysts give the company a high EPS estimate of -0.03. Comparatively, EPS for the current quarter was -0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -100.00%, and 61.76% over the next financial year.
Cantor Fitzgerald coverage for the SmartRent Inc (SMRT) stock in a research note released on August 08, 2024 offered a Neutral rating with a price target of $2. BTIG Research was of a view on August 02, 2024 that the stock is Neutral, while DA Davidson gave the stock Neutral rating on July 31, 2024, issuing a price target of $3.25- $2. Colliers Securities on their part issued Neutral rating on July 31, 2024.
