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. Most recently, Yahoo Finance reported about the stock as it publicized that The Towbes Group Deploys SmartRent Solutions to Modernize the Resident Experience.

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Stocks Info

SMRT belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $3.00 and fluctuated between $3.0100 as its day high and $2.8000 as its day low. The current market capitalization of SmartRent Inc is $609.48M. A total of 1.42 million shares were traded on the day, compared to an average of 1.05M 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 18 BUY and 16 SELL insider trades, representing the acquisition of 139,430 and the disposition of 22,726 shares. Over the last 12 months, there were 147 BUYs and 125 SELLs from insiders. Insiders purchased 2,722,145 shares during that period but sold 5,915,161.

In the most recent transaction, Beard Alana sold 3,000 shares of SMRT for 3.32 per share on Dec 14. After the transaction, the Director now owns 67,412 company shares. In a previous transaction on Nov 20, STROHM BRUCE C bought 44,000 shares at 2.98 per share. SMRT shares that Director owns now total 226,561.

Among the insiders who bought shares, STROHM BRUCE C acquired of 41,149 shares on Nov 17 at a per-share price of $2.85. This resulted in the Director holding 182,561 shares of SMRT after the transaction. In another insider transaction, DeRose-Wilson Isaiah sold 65,067 shares at $3.23 per share on Jun 16. Company shares held by the Chief Technology Officer now total 5,339.

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. In terms of 52-week highs and lows, SMRT has a high of $4.12 and a low of $2.15.

As of this writing, SMRT has an earnings estimate of $Summit Therapeutics Inc. per share for the current quarter. EPS was calculated based on a consensus of NuScale Power Corporation estimates, with a high estimate of $Marti Technologies, Inc. per share and a lower estimate of $SmartRent, Inc.

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. SMRT’s latest balance sheet shows that the firm has $430.84M in Cash & Short Term Investments as of fiscal 2021. There were $4.82M in debt and $70.57M in liabilities at the time. Its Book Value Per Share was $1.69, while its Total Shareholder’s Equity was $449.50M.

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, 0 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 Buy with a score of 4.33.

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