10-May-2024
Analysts Offer Insights on Technology Companies: Camtek (CAMT) and SmartRent (SMRT)
TipRanks (Thu, 9-May 2:50 PM ET)
TipRanks (Thu, 9-May 1:30 AM ET)
SmartRent Enhances Transparency with Investor Resources
TipRanks (Wed, 8-May 8:23 AM ET)
SmartRent misses top-line and bottom-line estimates; initiates Q2 and reaffirms FY24 outlook
Seeking Alpha News (Wed, 8-May 8:08 AM ET)
SmartRent Accelerates SaaS Growth by 32% Y/Y; Reports First Quarter 2024 Results
Business Wire (Wed, 8-May 8:00 AM ET)
Business Wire (Tue, 30-Apr 10:00 AM ET)
Business Wire (Mon, 29-Apr 8:24 PM ET)
Business Wire (Thu, 18-Apr 3:22 PM ET)
SmartRent Launches Alloy SmartHome Leak Sensor+
Business Wire (Mon, 8-Apr 9:00 AM ET)
SmartRent to Report First Quarter 2024 Financial Results on May 8, 2024
Business Wire (Mon, 8-Apr 9:00 AM ET)
SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.
Smartrent Class A trades on the NYSE stock market under the symbol SMRT.
As of May 10, 2024, SMRT stock price climbed to $2.40 with 1,581,622 million shares trading.
SMRT has a beta of 1.82, meaning it tends to be more sensitive to market movements. SMRT has a correlation of 0.20 to the broad based SPY ETF.
SMRT has a market cap of $484.39 million. This is considered a Small Cap stock.
Last quarter Smartrent Class A reported $50 million in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-631,000 and missed earnings estimates by -$.03.
The top ETF exchange traded funds that SMRT belongs to (by Net Assets): VTI, VB, IWM, VGT, VXF.
SMRT has underperformed the market in the last year with a price return of -11.1% while the SPY ETF gained +27.8%. SMRT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.5% and +1.7%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
SMRT support price is $2.32 and resistance is $2.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMRT stock will trade within this expected range on the day.