SmartRent Inc’s recently made public that its Director Beard Alana unloaded Company’s shares for reported $9960.0 on Dec 14 ’23. In the deal valued at $3.32 per share,3,000 shares were sold. As a result of this transaction, Beard Alana now holds 67,412 shares worth roughly $0.18 million.
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Then, STROHM BRUCE C bought 44,000 shares, generating $131,120 in total proceeds. Upon buying the shares at $2.98, the Director now owns 226,561 shares.
Before that, STROHM BRUCE C bought 41,149 shares. SmartRent Inc shares valued at $117,275 were divested by the Director at a price of $2.85 per share. As a result of the transaction, STROHM BRUCE C now holds 182,561 shares, worth roughly $0.49 million.
BTIG Research initiated its SmartRent Inc [SMRT] rating to a Buy in a research note published on January 19, 2024; the price target was $4.50. A number of analysts have revised their coverage, including Imperial Capital’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. Compass Point started covering the stock on May 25, 2022. It rated SMRT as “a Buy”.
Price Performance Review of SMRT
On Monday, SmartRent Inc [NYSE:SMRT] saw its stock fall -3.27% to $2.66. Over the last five days, the stock has lost -1.48%. SmartRent Inc shares have fallen nearly -16.61% since the year began. Nevertheless, the stocks have risen 13.68% over the past one year. While a 52-week high of $4.12 was reached on 01/23/24, a 52-week low of $2.15 was recorded on 03/05/24. SMA at 50 days reached $2.90, while 200 days put it at $3.11. A total of 1.62 million shares were traded, compared to the trading of 2.6 million shares in the previous session.
Levels Of Support And Resistance For SMRT Stock
The 24-hour chart illustrates a support level at 2.57, which if violated will result in even more drops to 2.47. On the upside, there is a resistance level at 2.77. A further resistance level may holdings at 2.87. The Relative Strength Index (RSI) on the 14-day chart is 39.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.00%. Stochastics %K at 41.44% indicates the stock is a holding.
How much short interest is there in SmartRent Inc?
A steep rise in short interest was recorded in SmartRent Inc stocks on Feb 29, 2024, growing by 0.32 million shares to a total of 13.12 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 12.8 million shares. There was a rise of 2.44%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 13.9.
The most recent change occurred on February 15, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $9 price target.
