SmartRent Inc [NYSE: SMRT] stock went on an upward path that rose over 1.72% on Thursday, amounting to a one-week price increase of more than 1.14%.
Over the last 12 months, SMRT stock dropped by -37.46%. The one-year SmartRent Inc stock forecast points to a potential upside of 32.44. The average equity rating for SMRT stock is currently 2.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $358.23 million, with 203.33 million shares outstanding and 180.41 million shares in the current float. Compared to the average trading volume of 1.74M shares, SMRT stock reached a trading volume of 2750784 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on SmartRent Inc [SMRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMRT shares is $2.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMRT stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Keefe Bruyette have made an estimate for SmartRent Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald dropped their target price from $4 to $2. The new note on the price target was released on August 08, 2024, representing the official price target for SmartRent Inc stock. On July 31, 2024, analysts decreased their price target for SMRT shares from 3.25 to 2.
The Average True Range (ATR) for SmartRent Inc is set at 0.11, with the Price to Sales ratio for SMRT stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 0.93. Price to Free Cash Flow for SMRT in the course of the last twelve months was 87.80 with Quick ratio for the last quarter at 2.67.
SMRT Stock Performance Analysis:
SmartRent Inc [SMRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.14. With this latest performance, SMRT shares gained by 5.99% in over the last four-week period, additionally sinking by -33.96% over the last 6 months – not to mention a drop of -37.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMRT stock in for the last two-week period is set at 52.28, with the RSI for the last a single of trading hit 57.33, and the three-weeks RSI is set at 48.45 for SmartRent Inc [SMRT]. The present Moving Average for the last 50 days of trading for this stock 1.8624, while it was recorded at 1.7800 for the last single week of trading, and 2.5110 for the last 200 days.
Insight into SmartRent Inc Fundamentals:
SmartRent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.67 and a Current Ratio set at 3.02.
SMRT Stock EPS
With the latest financial reports released by the company, SmartRent Inc posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMRT.
SmartRent Inc [SMRT] Institutonal Ownership Details
There are presently around $61.51%, or 70.00%% of SMRT stock, in the hands of institutional investors. The top three institutional holders of SMRT stocks are: VANGUARD GROUP INC with ownership of 16.96 million shares, which is approximately 8.3325%. BLACKROCK INC., holding 15.33 million shares of the stock with an approximate value of $$36.64 million in SMRT stocks shares; and BLACKROCK INC., currently with $$22.27 million in SMRT stock with ownership which is approximately 4.5783%.
