SmartRent, Experiences Unusually High Trading Volume on Friday
July 21, 2023
🌥️Trending News
SMARTRENT ($NYSE:SMRT): On Friday, SmartRent, Inc. experienced an unusually high trading volume. SmartRent is a leading technology-enabled real estate services company that provides both property owners and renters with a modern rental experience. It offers a comprehensive suite of services for rental properties across the U.S., including remote access, smart home technology, virtual tours, and maintenance management. SmartRent’s goal is to help landlords and tenants create a better quality of life through the use of technology.
Additionally, the company recently unveiled its new systems integrations with Amazon Alexa and Google Assistant, allowing customers to control their smart home devices using voice commands. Given the many positive developments that have been revealed by SmartRent in recent months, it’s not surprising that investors have been eager to capitalize on the company’s potential. As such, it is likely that the stock will continue to experience strong trading volume in the coming weeks.
Market Price
On Friday, SmartRent, Inc., (SMARTRENT) experienced unusually high trading volume, resulting in a closing price of $4.0 – up 2.8% from the prior closing price of $3.9. This came as a surprise to many analysts and investors since the company had previously traded relatively low volumes. While it is too early to determine if SmartRent is a worthwhile investment, its increasing volume and rising stock price have made it a stock to watch. Investors will be closely monitoring the company’s future performance and latest developments in the coming weeks and months to gain more insight into the company’s potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Smartrent. More…
| Total Revenues | Net Income | Net Margin |
| 195.54 | -86.14 | -44.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Smartrent. More…
| Operations | Investing | Financing |
| -63.68 | -13.05 | -5.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Smartrent. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 536.34 | 181.72 | 1.78 |
Key Ratios Snapshot
Some of the financial key ratios for Smartrent are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -46.7% |
| FCF Margin | ROE | ROA |
| -33.0% | -15.9% | -10.6% |
Analysis
GoodWhale recently conducted an analysis of SMARTRENT’s wellbeing, using the Star Chart model. The results of the analysis revealed that SMARTRENT had an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. We classified SMARTRENT as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. The analysis also showed that SMARTRENT was strong in asset and growth but weak in dividend and profitability. Given these characteristics, SMARTRENT may be attractive to a variety of investors. Those with a higher appetite for risk may be more likely to invest, as SMARTRENT can offer the potential for strong returns. However, those with a more conservative risk profile may find that SMARTRENT is too risky for their preferences. SmartRent_Experiences_Unusually_High_Trading_Volume_on_Friday”>More…
Peers
The competition in the smart home technology market is heating up. SmartRent Inc, a leading provider of smart home technology, is up against some stiff competition from the likes of iWOW Technology Ltd, Cepton Inc, and Guotai Epoint Sofware Co Ltd. While each company has its own strengths and weaknesses, it is clear that SmartRent Inc is the one to watch in this space.
– iWOW Technology Ltd ($SGX:NXR)
As of 2022, iWOW Technology Ltd has a market cap of 60.1M and a Return on Equity of 38.22%. The company provides technology solutions for the home entertainment industry. Its products include home theater systems, Blu-ray players, and streaming media players.
– Cepton Inc ($NASDAQ:CPTN)
As of 2022, Cepton Inc has a market capitalization of 384.35 million and a return on equity of 31.21%. The company is a leading provider of 3D sensing solutions for a variety of applications, including automotive, industrial, consumer, and security. Cepton’s 3D sensing technology enables customers to create products and experiences that were not possible before, and the company is committed to delivering the highest quality 3D sensing solutions to its customers.
– Guotai Epoint Sofware Co Ltd ($SHSE:688232)
Guotai Epoint Sofware Co Ltd is a Chinese software company with a market cap of 19.96B as of 2022. The company has a Return on Equity of 7.68%. Guotai Epoint Sofware Co Ltd develops software for the financial industry. The company’s products include banking software, securities software, and insurance software.
Summary
SmartRent, Inc. saw unusually-high trading volume on Friday, indicating a strong interest among investors. Analysts suggest that the trading activity may be linked to the company’s technology, which enables landlords to control and monitor essential services such as locks, lighting, temperature, and occupancy remotely. Analysts recommend that investors weigh the stock’s potential for further growth against its current high valuation. SmartRent’s long-term outlook appears to be positive, with analysts predicting continued success in the rental market.
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