Could SRM Entertainment Inc (SRM)’s Current Volatility Hinder Its Future Potential?

SRM Entertainment Inc (NASDAQ:SRM) has a beta value of 1.68 and has seen 1.39 million shares traded in the last trading session. The company, currently valued at $9.70M, closed the last trade at $0.70 per share which meant it gained $0.02 on the day or 3.10% during that session. The SRM stock price is -357.14% off its 52-week high price of $3.20 and 21.43% above the 52-week low of $0.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.12 million shares traded. The 3-month trading volume is 612.41K shares.

SRM Entertainment Inc (NASDAQ:SRM) trade information

Sporting 3.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SRM stock price touched $0.70 or saw a rise of 13.58%. Year-to-date, SRM Entertainment Inc shares have moved -54.90%, while the 5-day performance has seen it change 10.90%. Over the past 30 days, the shares of SRM Entertainment Inc (NASDAQ:SRM) have changed -7.13%. Short interest in the company has seen 0.24 million shares shorted with days to cover at 0.2.

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SRM Entertainment Inc (SRM) estimates and forecasts

The company’s shares have lost -49.35% over the past 6 months.

SRM Dividends

SRM Entertainment Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

SRM Entertainment Inc (NASDAQ:SRM)’s Major holders

Insiders own 60.18% of the company shares, while shares held by institutions stand at 0.59% with a share float percentage of 1.49%. Investors are also buoyed by the number of investors in a company, with SRM Entertainment Inc having a total of 11.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 0.14% shares in the company for having 18.86 shares of worth $13180.0 while later fund manager owns 19.55 shares of worth $13668.0 as of Sep 30, 2024 , which makes it owner of about 0.14% of company’s outstanding stock.