The trading price of SRM Entertainment Inc (NASDAQ:SRM) closed higher on Friday, June 13, and closing at $1.45, 22.88% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.0342 and $1.48. In examining the 52-week price action we see that the stock hit a 52-week high of $1.66 and a 52-week low of $0.26. Over the past month, the stock has gained 225.84% in value.
SRM Entertainment Inc, whose market valuation is $25.00 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SRM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that SRM’s price is currently 111.02% off the SMA20 and 191.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 92.58, and weekly volatility stands at 13.31%. When measured over the past 30 days, the indicator reaches 10.11%. SRM Entertainment Inc (NASDAQ:SRM)’s beta value is currently sitting at 1.49, while the Average True Range indicator is currently displaying 0.12. With analysts defining $0.78-$0.78 as the low and high price targets, we arrive at a consensus price target of $0.78 for the trailing 12-month period. The current price is about 46.21% off the estimated low and 46.21% off the forecast high, based on this estimate. Investors will be thrilled if SRM’s share price rises to $0.78, which is the median consensus price. At that level, SRM’s share price would be 46.21% above current price.
To see how SRM Entertainment Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SRM stock’s performance was 22.88% in the latest trading, and 39.42% in the past year.
An evaluation of the daily trading volume of SRM Entertainment Inc (NASDAQ:SRM) indicates that the 3-month average is 481.27K. However, this figure has increased over the past 10 days to an average of 1.02.
Currently, records show that 17.24 million of the company’s shares remain outstanding. The insiders hold 44.62% of outstanding shares, whereas institutions hold 1.60%. The stats also highlight that short interest as of 2025-05-30, stood at 0.31 million shares, resulting in a short ratio of 0.69 at that time. From this, we can conclude that short interest is 232.00 of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 0.43 million. However, since the stock’s price has seen 130.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
