SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) CEO Richard A. Miller sold 100,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 600,000 shares of the company's stock, valued at approximately $6,714,000. The trade was a 14.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
SRM Entertainment Price Performance
SRM traded down $1.53 during midday trading on Tuesday, reaching $7.90. 11,097,977 shares of the company's stock were exchanged, compared to its average volume of 4,026,288. SRM Entertainment, Inc. has a one year low of $0.26 and a one year high of $12.80. The firm has a market capitalization of $136.20 million, a price-to-earnings ratio of -31.60 and a beta of 1.21. The business has a 50-day simple moving average of $1.69 and a two-hundred day simple moving average of $0.91. The company has a quick ratio of 3.59, a current ratio of 5.24 and a debt-to-equity ratio of 0.05.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter. SRM Entertainment had a negative return on equity of 78.96% and a negative net margin of 74.56%. The company had revenue of $1.09 million for the quarter.
Institutional Investors Weigh In On SRM Entertainment
A hedge fund recently bought a new stake in SRM Entertainment stock. Anson Funds Management LP bought a new position in shares of SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned about 6.56% of SRM Entertainment as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.58% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of SRM Entertainment to a "hold" rating in a report on Saturday.
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About SRM Entertainment
(
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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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