Deborah Lynn Mcdaniel-Hand Sells 100,000 Shares of SRM Entertainment, Inc. (NASDAQ:SRM) Stock

SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) VP Deborah Lynn Mcdaniel-Hand sold 100,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $9.41, for a total transaction of $941,000.00. Following the sale, the vice president now directly owns 100,000 shares of the company's stock, valued at approximately $941,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

SRM Entertainment Stock Down 3.5%

NASDAQ SRM traded down $0.28 during trading hours on Friday, reaching $7.68. 2,506,281 shares of the company traded hands, compared to its average volume of 4,073,684. SRM Entertainment, Inc. has a 12 month low of $0.26 and a 12 month high of $12.80. The company has a current ratio of 5.24, a quick ratio of 3.59 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $132.40 million, a PE ratio of -30.72 and a beta of 1.21. The company has a 50 day moving average of $2.16 and a two-hundred day moving average of $1.06.

SRM Entertainment (NASDAQ:SRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) EPS 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 for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SRM Entertainment stock. Anson Funds Management LP acquired a new stake in shares of SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned about 6.56% of SRM Entertainment at the end of the most recent reporting period. 1.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of SRM Entertainment to a "hold" rating in a report on Saturday, June 21st.

About SRM Entertainment

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.