In the last trading session, 1.07 million SmartRent Inc (NYSE:SMRT) shares changed hands as the company’s beta touched 1.90. With the company’s per share price at $1.32 changed hands at -$0.09 or -6.38% during last session, the market valuation stood at $254.19M. SMRT’s last price was a discount, traded about -131.06% off its 52-week high of $3.05. The share price had its 52-week low at $1.17, which suggests the last value was 11.36% up since then.
Analysts gave the SmartRent Inc (SMRT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SMRT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. SmartRent Inc’s EPS for the current quarter is expected to be -0.03.
SmartRent Inc (NYSE:SMRT) trade information
Instantly SMRT was in red as seen at the end of in last trading. With action -15.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -24.57%, with the 5-day performance at -15.92% in the red. However, in the 30-day time frame, SmartRent Inc (NYSE:SMRT) is -16.46% down.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 67.0% from its current market value. According to analyst projections, SMRT’s forecast low is 2 with 6 as the target high. To hit the forecast high, the stock’s price needs a -354.55% plunge from its current level, while the stock would need to soar -51.52% for it to hit the projected low.
SmartRent Inc (SMRT) estimates and forecasts
Year-over-year growth is forecast to reach -25.14% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 37.78M. 4 analysts are of the opinion that SmartRent Inc’s revenue for the current quarter will be 44.52M. The company’s revenue for the corresponding quarters a year ago was 60.25M and 50.49M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -37.30%. The estimates for the next quarter sales put growth at -11.82%.
The 2025 estimates are for SmartRent Inc earnings to increase by 17.65%.
SMRT Dividends
SmartRent Inc is expected to release its next quarterly earnings report in March.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.5347% or 15.33 million shares worth $36.64 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 5.43 shares estimated at $7.17 million under it, the former controlled 2.82% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.76% of the shares, roughly 5.31 shares worth around $7.0 million.
