SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) CEO Richard A. Miller sold 100,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $11.19, for a total transaction of $1,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 600,000 shares of the company's stock, valued at approximately $6,714,000. The trade was a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
SRM Entertainment Trading Down 3.5%
SRM traded down $0.28 during trading on Friday, hitting $7.68. 2,494,341 shares of the stock traded hands, compared to its average volume of 4,057,525. SRM Entertainment, Inc. has a 12-month low of $0.26 and a 12-month high of $12.80. The firm has a market capitalization of $132.40 million, a P/E ratio of -30.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.24 and a quick ratio of 3.59. The firm has a 50-day moving average of $2.02 and a 200 day moving average of $1.01.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter. SRM Entertainment had a negative net margin of 74.56% and a negative return on equity of 78.96%. The company had revenue of $1.09 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of SRM Entertainment to a "hold" rating in a research report on Saturday, June 21st.
View Our Latest Stock Report on SRM Entertainment
Institutional Trading of SRM Entertainment
An institutional investor recently bought a new position in SRM Entertainment stock. Anson Funds Management LP acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned approximately 6.56% of SRM Entertainment at the end of the most recent quarter. Institutional investors and hedge funds own 1.58% of the company's stock.
About SRM Entertainment
(
Get Free Report)
SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.
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