In last trading session, SmartRent Inc. (NYSE:SMRT) saw 1.29 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.51 trading at -$0.2 or -7.38% at ring of the bell on the day assigns it a market valuation of $521.78M. That closing price of SMRT’s stock is at a discount of -487.25% from its 52-week high price of $14.74 and is indicating a premium of 2.79% from its 52-week low price of $2.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.59 million shares which gives us an average trading volume of 2.00 million if we extend that period to 3-months.
SmartRent Inc. (NYSE:SMRT) trade information
Upright in the red during last session for losing -7.38%, in the last five days SMRT remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $2.51 price level, adding 10.99% to its value on the day. SmartRent Inc.’s shares saw a change of -74.07% in year-to-date performance and have moved -12.54% in past 5-day. SmartRent Inc. (NYSE:SMRT) showed a performance of -27.87% in past 30-days. Number of shares sold short was 9.5 million shares which calculate 4.77 days to cover the short interests.
SmartRent Inc. (SMRT) estimates and forecasts
Statistics highlight that SmartRent Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -60.96% of value to its shares in past 6 months, showing an annual growth rate of 50.00% while that of industry is 12.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 117.50% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $51.5 million for the same. And 7 analysts are in estimates of company making revenue of $75.39 million in the next quarter that will end on Sep 2022.
SmartRent Inc. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
SmartRent Inc. (NYSE:SMRT)’s Major holders
Insiders are in possession of 27.23% of company’s total shares while institution are holding 46.82 percent of that, with stock having share float percentage of 64.35%. Investors also watch the number of corporate investors in a company very closely, which is 46.82% institutions for SmartRent Inc. that are currently holding shares of the company. Bain Capital Venture Investors, LLC is the top institutional holder at SMRT for having 21.97 million shares of worth $111.18 million. And as of Mar 30, 2022, it was holding 11.32% of the company’s outstanding shares.
The second largest institutional holder is Vulcan Value Partners, LLC, which was holding about 15.9 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 8.19% of outstanding shares, having a total worth of $80.47 million.
On the other hand, Financial Investors Tr-Vulcan Value Partners Small Cap Fd and Baron Small Cap Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 9.82 million shares of worth $47.73 million or 5.06% of the total outstanding shares. The later fund manager was in possession of 4.0 million shares on Mar 30, 2022, making its stake of worth around $20.24 million in the company or a holder of 2.06% of company’s stock.