SRM Entertainment Inc (NASDAQ: SRM) Drops -146.67% From Highs, Now What?

During the recent session, SRM Entertainment Inc (NASDAQ:SRM)’s traded shares were 123.58 million, with the beta value of the company hitting 1.14. At the last check today, the stock’s price was $0.75, reflecting an intraday gain of 109.83% or $0.39. The 52-week high for the SRM share is $1.85, that puts it down -146.67 from that peak though still a striking 60.0% gain since the share price plummeted to a 52-week low of $0.30. The company’s market capitalization is $11.99M, and the average intraday trading volume over the past 10 days was 0.13 million shares, and the average trade volume was 3.09 million shares over the past three months.

SRM Entertainment Inc (NASDAQ:SRM) trade information

SRM Entertainment Inc (SRM) registered a 109.83% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 109.83% in intraday trading to $0.75, hitting a weekly high. The stock’s 5-day price performance is 137.95%, and it has moved by 72.29% in 30 days. Based on these gigs, the overall price performance for the year is -51.54%. The short interest in SRM Entertainment Inc (NASDAQ:SRM) is 0.24 million shares and it means that shorts have 0.2 day(s) to cover.

SRM Dividends

SRM Entertainment Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

SRM Entertainment Inc insiders own 60.18% of total outstanding shares while institutional holders control 0.59%, with the float percentage being 1.49%.

Also, the Mutual Funds coming in first place with the largest holdings of SRM Entertainment Inc (SRM) shares are Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund. Data provided on Nov 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 19.19 shares. This amounts to just over 0.14 percent of the company’s overall shares, with a $15003.0 market value. The same data shows that the other fund manager holds slightly less at 4.69, or about 0.03% of the stock, which is worth about $3663.0.