SmartRent Inc (NYSE:SMRT) price on Wednesday, April 30, rose 4.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.95.
A look at the stock’s price movement, the close in the last trading session was $0.91, moving within a range at $0.8801 and $0.9707. The beta value (5-Year monthly) was 1.834. Turning to its 52-week performance, $2.98 and $0.67 were the 52-week high and 52-week low respectively. Overall, SMRT moved -21.23% over the past month.
SmartRent Inc’s market cap currently stands at around $183.51 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-04.
Analysts have a consensus estimate of 40.1M for the company’s revenue for the quarter, with a low and high estimate of 36.7M and 43.51M respectively. The average forecast suggests down to a -20.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 164.41M, representing a -5.99% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMRT is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SMRT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMRT’s current price about 5.80% and -13.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.21, while 7-day volatility ratio is 7.08% and 11.36% in the 30-day chart. Further, SmartRent Inc (SMRT) has a beta value of 1.86, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $2 and high of $6. Looking at the price targets, the low is -110.53% off current price level while to achieve the yearly target high, price needs to move -531.58%. Nonetheless, investors will most likely welcome a -321.05% jump to $4 which is the analysts’ median price.
If we refocus on SmartRent Inc (NYSE:SMRT), historical trading data shows that trading volumes averaged 1.86 over the past 10 days and 1.93 million over the past 3 months. The company’s latest data on shares outstanding shows there are 192.05 million shares.
The 9.03% of SmartRent Inc’s shares are in the hands of company insiders while institutional holders own 57.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.39 million on 2025-04-15, giving us a short ratio of 2.9. The data shows that as of 2025-04-15 short interest in SmartRent Inc (SMRT) stood at 282.99998 of shares outstanding, with shares short rising to 5.09 million registered in 2025-03-14. Current price change has pushed the stock -45.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMRT stock continues to rise going into the next quarter.
