Think You Need A Good Stock? Look At This SmartRent Inc. (NYSE: SMRT) Analysis

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SmartRent Inc. (NYSE:SMRT) traded at $7.66 at close of the session on Friday, 01/07/22, made a downward move of -6.47% on its previous day’s price.

Looking at the stock we see that its previous close was $8.19 with the day’s price range being $7.49 – $8.25. In terms of its 52-week price range, SMRT has a high of $15.14 and a low of $7.38. The company’s stock has lost about -31.36% over that past 30 days.

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SmartRent Inc. has a market cap of $1.59 billion and is expected to release its quarterly earnings report on Nov 10, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.09, with the EPS growth for the year raised at -$5.22 for 2021 and -$0.29 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $28.74 million, with a low of $27.89 million and a high of $29.4 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SMRT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is -23.64% off its SMA20 and -29.25% from its 50-day simple moving average. The RSI (14) is pointing at 27.82 while the volatility over the past week is 9.37% and jumps to 6.84% over the past one month.

Coming back to SmartRent Inc. (NYSE:SMRT), we note that the average 3-month trading volume was 789.29K, while that of the preceding 10-day period stands at 0.89 million. Current shares outstanding are 85.27 million.

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The insiders hold 5.70% of the company’s shares while institutions hold 42.80%. The data shows that short shares as of Dec 14, 2021, stood at 2.01 million at a short ratio of 2.54. This represents a 1.04% short interest in shares outstanding on Dec 14, 2021. Shares short rose in December from the previous month at 1.6 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -20.87% down in year-to-date price movement.