In the last trading session, 3.62 million shares of the SmartRent Inc (NYSE:SMRT) were traded, and its beta was 1.95. Most recently the company’s share price was $0.72, and it changed around -$0.01 or -1.38% from the last close, which brings the market valuation of the company to $138.63M. SMRT currently trades at a discount to its 52-week high of $2.98, offering almost -313.89% off that amount. The share price’s 52-week low was $0.67, which indicates that the current value has risen by an impressive 6.94% since then. We note from SmartRent Inc’s average daily trading volume that its 10-day average is 2.56 million shares, with the 3-month average coming to 1.73 million.
SmartRent Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended SMRT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. SmartRent Inc is expected to report earnings per share of -0.01 for the current quarter.
SmartRent Inc (NYSE:SMRT) trade information
Instantly SMRT has showed a red trend with a performance of -1.38% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.1950 on recent trading dayincreased the stock’s daily price by 39.75%. The company’s shares are currently down -58.86% year-to-date, but still down -30.10% over the last five days. On the other hand, SmartRent Inc (NYSE:SMRT) is -38.46% down in the 30-day period. We can see from the shorts that 5.37 million shares have been sold at a short interest cover period of 2.46 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 82.0% from its current value. Analyst projections state that SMRT is forecast to be at a low of $2 and a high of $6.
SmartRent Inc (SMRT) estimates and forecasts
The year-over-year growth rate is expected to be -5.99%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 40.1M in revenue for the current quarter. 2 analysts expect SmartRent Inc to make 41.15M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 50.49M and 48.52M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.57%. Forecasts for the next quarter put sales growth at -15.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 53.38%.
SMRT Dividends
SmartRent Inc’s next quarterly earnings report is expected to be released on 2025-Mar-04.
SmartRent Inc (NYSE:SMRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.21% of SmartRent Inc shares, and 56.82% of them are in the hands of institutional investors. The stock currently has a share float of 64.00%. SmartRent Inc stock is held by 161.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.3325% of the shares, which is about 16.96 million shares worth $40.52 million.
BLACKROCK INC., with 7.5907% or 15.33 million shares worth $36.64 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
