SRM Entertainment, Inc. (NASDAQ:SRM) VP Sells $941,000.00 in Stock

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

SRM Entertainment Price Performance

NASDAQ SRM opened at $8.68 on Thursday. 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 12 month low of $0.26 and a 12 month high of $12.80. The stock has a market cap of $149.64 million, a price-to-earnings ratio of -34.72 and a beta of 1.21. The company’s 50 day moving average is $1.86 and its two-hundred day moving average is $0.96.

SRM Entertainment (NASDAQ:SRM) last announced 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 firm had revenue of $1.09 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised SRM Entertainment to a “hold” rating in a research note on Saturday, June 21st.

Institutional Investors Weigh In On SRM Entertainment

An institutional investor recently bought a new position in SRM Entertainment stock. Two Sigma Securities LLC acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,187 shares of the company’s stock, valued at approximately $26,000. Two Sigma Securities LLC owned 0.40% of SRM Entertainment as of its most recent SEC filing. 1.58% of the stock is owned by institutional investors.

SRM Entertainment Company Profile

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.