SmartRent Inc [NYSE: SMRT] slipped around -0.06 points on Wednesday, while shares priced at $1.26 at the close of the session, down -4.55%.
Compared to the average trading volume of 890.21K shares, SMRT reached a trading volume of 4783850 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $2.27 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 3.00. 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 0.08, with the Price to Sales ratio for SMRT stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.85.
How has SMRT stock performed recently?
SmartRent Inc [SMRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.71. With this latest performance, SMRT shares dropped by -17.11% in over the last four-week period, additionally sinking by -25.44% over the last 6 months – not to mention a drop of -55.79% 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 32.36, with the RSI for the last a single of trading hit 27.19, and the three-weeks RSI is set at 35.71 for SmartRent Inc [SMRT]. The present Moving Average for the last 50 days of trading for this stock 1.5700, while it was recorded at 1.3940 for the last single week of trading, and 1.8558 for the last 200 days.
SmartRent Inc [SMRT]: Deeper insight into the fundamentals
SmartRent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.78 and a Current Ratio set at 3.20.
Insider trade positions for SmartRent Inc [SMRT]
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 4.6122%.
