SmartRent Inc (NYSE:SMRT) price on Thursday, February 27, fall -1.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.24.
A look at the stock’s price movement, the close in the last trading session was $1.26. Turning to its 52-week performance, $3.05 and $1.17 were the 52-week high and 52-week low respectively. Overall, SMRT moved -18.95% over the past month.
SmartRent Inc’s market cap currently stands at around $238.79 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 37.78M for the company’s revenue for the quarter, with a low and high estimate of 35.92M and 39.32M respectively. The average forecast suggests down to a -37.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 177.29M, representing a -25.14% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMRT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SMRT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMRT’s current price about -13.26% and -20.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.34, while 7-day volatility ratio is 6.36% and 5.69% in the 30-day chart. Further, SmartRent Inc (SMRT) has a beta value of 1.92, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $2 and high of $6. Looking at the price targets, the low is -61.29% off current price level while to achieve the yearly target high, price needs to move -383.87%. Nonetheless, investors will most likely welcome a -222.58% jump to $4 which is the analysts’ median price.
If we refocus on SmartRent Inc (NYSE:SMRT), historical trading data shows that trading volumes averaged 932.85K over the past 3 months. The company’s latest data on shares outstanding shows there are 192.97 million shares.
The 11.49% of SmartRent Inc’s shares are in the hands of company insiders while institutional holders own 57.33% of the company’s shares. Current price change has pushed the stock -29.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMRT stock continues to rise going into the next quarter.
