In last trading session, SmartRent Inc (NYSE:SMRT) saw 4.77 million shares changing hands with its beta currently measuring 1.87. Company’s recent per share price level of $1.16 trading at $0.04 or 3.57% at ring of the bell on the day assigns it a market valuation of $223.54M. That closing price of SMRT’s stock is at a discount of -156.9% from its 52-week high price of $2.98 and is indicating a premium of 6.03% from its 52-week low price of $1.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.45 million shares which gives us an average trading volume of 1.31 million if we extend that period to 3-months.
For SmartRent Inc (SMRT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
SmartRent Inc (NYSE:SMRT) trade information
Upright in the green during last session for gaining 3.57%, in the last five days SMRT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $1.16 price level, adding 12.78% to its value on the day. SmartRent Inc’s shares saw a change of -33.71% in year-to-date performance and have moved -14.71% in past 5-day. SmartRent Inc (NYSE:SMRT) showed a performance of -13.43% in past 30-days. Number of shares sold short was 5.59 million shares which calculate 3.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 71.0% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -72.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -72.41% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 53.38% during past 5 years.
SmartRent Inc (NYSE:SMRT)’s Major holders
Insiders are in possession of 9.81% of company’s total shares while institution are holding 58.10 percent of that, with stock having share float percentage of 64.41%. Investors also watch the number of corporate investors in a company very closely, which is 58.10% institutions for SmartRent Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SMRT for having 16.96 million shares of worth $40.52 million. And as of 2024-06-30, it was holding 8.3325 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 15.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5347 of outstanding shares, having a total worth of $36.64 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 5.43 shares of worth $6.3 million or 2.82% of the total outstanding shares. The later fund manager was in possession of 5.13 shares on Dec 31, 2024 , making its stake of worth around $5.95 million in the company or a holder of 2.66% of company’s stock.
