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 dated Monday, June 23rd. The stock was sold at an average price of $9.41, for a total value of $941,000.00. Following the completion of the sale, the vice president now directly owns 100,000 shares in the company, valued at approximately $941,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
SRM Entertainment Trading Up 9.9%
Shares of SRM Entertainment stock traded up $0.78 during trading hours on Wednesday, reaching $8.68. The stock had a trading volume of 5,817,488 shares, compared to its average volume of 4,049,612. The firm has a 50 day simple moving average of $1.86 and a two-hundred day simple moving average of $0.96. The firm has a market capitalization of $149.64 million, a price-to-earnings ratio of -34.72 and a beta of 1.21. The company has a current ratio of 5.24, a quick ratio of 3.59 and a debt-to-equity ratio of 0.05. SRM Entertainment, Inc. has a 1 year low of $0.26 and a 1 year high of $12.80.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $1.09 million during the quarter. SRM Entertainment had a negative return on equity of 78.96% and a negative net margin of 74.56%.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded SRM Entertainment to a "hold" rating in a report on Saturday.
Check Out Our Latest Analysis on SRM
Hedge Funds Weigh In On SRM Entertainment
A hedge fund recently bought a new stake in SRM Entertainment stock. Anson Funds Management LP acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned 6.56% of SRM Entertainment at the end of the most recent reporting period. 1.58% of the stock is currently owned by institutional investors and hedge funds.
SRM Entertainment Company Profile
(
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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