SmartRent Inc [NYSE: SMRT] slipped around 2099999.05 points on Friday, while shares priced at $2100000.0 at the close of the session, down -2.47%.
SmartRent Inc stock is now -60.24% down from its year-to-date (YTD) trading value. SMRT Stock saw the intraday high of $0.9825 and lowest of $0.93 per share. The company’s 52-week high price is 2.56, which means current price is +38.66% above from all time high which was touched on 01/06/25.
Compared to the average trading volume of 2.10M shares, SMRT reached a trading volume of 26425478 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 $1.65 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 2.33. 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 Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 0.67.
How has SMRT stock performed recently?
SmartRent Inc [SMRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.54. With this latest performance, SMRT shares gained by 10.78% in over the last four-week period, additionally sinking by -39.97% over the last 6 months – not to mention a drop of -46.83% in the past year of trading.
SmartRent Inc [SMRT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and SmartRent Inc [SMRT] shares currently have an operating margin of -20.50% and a Gross Margin at 32.87%. SmartRent Inc’s Net Margin is presently recorded at -39.90%.
Return on Equity for this stock declined to -15.53%, with Return on Assets sitting at -15.53%.
Insider trade positions for SmartRent Inc [SMRT]
There are presently around $64.15%, or 72.69% 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 8.3943%. 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%.
