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 $74,290 were purchased by Martell Frank on Nov 15 ’24. At $1.49 per share, Martell Frank acquired 50,000 shares. The insider’s holdings grew to 200,000 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Martell Frank purchased 48,204 shares, netting a total of over 70,016 in proceeds. Following the buying of shares at $1.45 each, the insider now holds 248,204 shares.
Before that, Lee Kristen Morse had added 10,000 shares to its account. In a trade valued at $14,750, the General Counsel bought SmartRent Inc shares for $1.48 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $68544.72.
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 -53.61%. Shares of the company reached a 52-week high of $3.4700 on 01/23/24 and a 52-week low of $1.1700 on 11/06/24. A 50-day SMA is recorded $1.6658, while a 200-day SMA reached $2.1902. Nevertheless, trading volume fell to 1.03 million shares from 1.21 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 1.4517, which, if violated, would cause prices to drop to 1.4233. In the upper region, resistance lies at 1.5017. The next price resistance is at 1.5233. RSI (Relative Strength Index) is 38.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0762, which suggests the price will decrease in the coming days. Percent R is at 49.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
