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SmartRent Inc [SMRT] Investment Appeal on the Rise

In a filing, SmartRent Inc revealed its General Counsel Lee Kristen Morse acquired Company’s shares for reported $14750.0 on Nov 12 ’24. In the deal valued at $1.48 per share,10,000 shares were bought. As a result of this transaction, Lee Kristen Morse now holds 46,314 shares worth roughly $66692.16.

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Then, Lucas Haldeman bought 2,000,000 shares, generating $3,360,000 in total proceeds.

Before that, Lucas Haldeman bought 1,500,000 shares. SmartRent Inc shares valued at $2,685,000 were divested by the Former officer at a price of $1.79 per share.

Keefe Bruyette downgraded its SmartRent Inc [SMRT] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. BTIG Research also remained covering SMRT and has decreased its forecast on August 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. DA Davidson revised its rating on July 31, 2024. It rated SMRT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of SMRT

On Friday, SmartRent Inc [NYSE:SMRT] saw its stock jump 2.13% to $1.44. Over the last five days, the stock has lost -5.26%. SmartRent Inc shares have fallen nearly -54.86% since the year began. Nevertheless, the stocks have fallen -54.57% over the past one year. While a 52-week high of $3.47 was reached on 01/23/24, a 52-week low of $1.17 was recorded on 11/06/24. SMA at 50 days reached $1.6770, while 200 days put it at $2.2132.

Levels Of Support And Resistance For SMRT Stock

The 24-hour chart illustrates a support level at 1.4033, which if violated will result in even more drops to 1.3667. On the upside, there is a resistance level at 1.4933. A further resistance level may holdings at 1.5467. The Relative Strength Index (RSI) on the 14-day chart is 33.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1567, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.14%. Stochastics %K at 42.38% 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 2024-10-31, growing by 1.27 million shares to a total of 7.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.7 million shares. There was a rise of 15.94%, which implies that there is a positive sentiment for the stock.

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