The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SmartRent Inc shares valued at $3,360,000 were purchased by Lucas Haldeman on Oct 02 ’24. At $1.68 per share, Lucas Haldeman acquired 2,000,000 shares.
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Also, Lucas Haldeman purchased 1,500,000 shares, netting a total of over 2,685,000 in proceeds.
Before that, Lucas Haldeman had added 1,200,000 shares to its account. In a trade valued at $2,016,000, the Former officer bought SmartRent Inc shares for $1.68 each.
As published in a research note from Keefe Bruyette on August 08, 2024, SmartRent Inc [SMRT] has been rated down from an Outperform to a Mkt perform. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 02, 2024, BTIG Research has decreased its “Buy” rating to a “Neutral” for SMRT. Earlier on July 31, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for SMRT stock which previously was a “a Buy”.
Analyzing SMRT Stock Performance
Over the course of the year, SmartRent Inc shares have dropped approximately -47.02%. Shares of the company reached a 52-week high of $3.4700 on 01/23/24 and a 52-week low of $1.3500 on 08/12/24. A 50-day SMA is recorded $1.7034, while a 200-day SMA reached $2.2985. Nevertheless, trading volume fell to 1.0 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for SmartRent Inc (SMRT)
According to the 24-hour chart, there is a support level at 1.6483, which, if violated, would cause prices to drop to 1.6067. In the upper region, resistance lies at 1.7433. The next price resistance is at 1.7967. RSI (Relative Strength Index) is 47.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0133, which suggests the price will decrease in the coming days. Percent R is at 78.12%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
