SmartRent Inc (SMRT): A Case For Going Higher

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted SmartRent Names Alison Dean to Board of Directors.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $2.72 and fluctuated between $2.7300 as its day high and $2.5800 as its day low. The current market capitalization of SmartRent Inc is $554.53M. A total of 1.27 million shares were traded on the day, compared to an average of 1.22M shares.

In the most recent transaction, Beard Alana sold 3,000 shares of SMRT for 3.32 per share on Dec 14 ’23. After the transaction, the Director now owns 67,412 company shares. In a previous transaction on Nov 20 ’23, 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 ’23 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 ’23. Company shares held by the Chief Technology Officer now total 5,339.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $1.68, while its Total Shareholder’s Equity was $449.50M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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