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Wednesday, February 1, 2023

Is SmartRent Inc. (NYSE: SMRT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for SmartRent Inc. (SMRT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $2.74. The SmartRent Inc. has recorded 4,853 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SmartRent to Present at Imperial Capital Security Investor Conference.


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Stocks Info

SMRT belongs to the Consumer Cyclical sector of the NYSE while operating in the Apparel Retail industry. At the end of the last regular session, the stock closed at $2.74 and fluctuated between $2.7800 as its day high and $2.6800 as its day low. The current market capitalization of SmartRent Inc. is $535.56M. A total of 1.04 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SMRT has seen 26 BUY and 22 SELL insider trades, representing the acquisition of 1,925,444 and the disposition of 5,700,229 shares. Over the last 12 months, there were 127 BUYs and 125 SELLs from insiders. Insiders purchased 10,686,878 shares during that period but sold 32,135,252.

In the most recent transaction, Best Robert T. bought 84,000 shares of SMRT for 3.65 per share on Aug 17. After the transaction, the Director now owns 4,905,222 company shares. In a previous transaction on Aug 11, BAIN CAPITAL VENTURE INVESTORS sold 95,634 shares at 5.61 per share. SMRT shares that 10% Owner owns now total 19,630,624.

Among the insiders who sold shares, BAIN CAPITAL VENTURE INVESTORS disposed of 66,939 shares on Aug 10 at a per-share price of $5.53. This resulted in the 10% Owner holding 19,726,258 shares of SMRT after the transaction. In another insider transaction, BAIN CAPITAL VENTURE INVESTORS sold 51,400 shares at $5.16 per share on Aug 09. Company shares held by the 10% Owner now total 19,793,197.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. SMRT’s most recent ex-dividend date was 3/29/2017 when it declared a $0.0750 quarterly dividend that was paid in cash on 4/14/2017. Previously, the company paid the dividend on 1/13/2017 with an ex-dividend date of 12/28/2016. The SMRT stock dividend was $0.0750 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SMRT in the last 3 months, the mean price target is $4.97 with high estimates of $6.00 and low estimates of $2.90. In terms of 52-week highs and lows, SMRT has a high of $9.71 and a low of $2.03.

As of this writing, SMRT has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.12 in the last quarter, which was -20.00% lower than expectations of -$0.1.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMRT is Overweight with a score of 4.50. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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