SmartRent (SMRT) Stock Price, News & Analysis

Company Overview

SmartRent, Inc., an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi. It also offers professional services to customers, which include training, installation, and support services. The company was founded in 2017 and is headquartered in Scottsdale, Arizona.

Key Stats

• Today's Range: $1.67 to $1.77
• 50-Day Range: $1.60 to $1.83
• 52-Week Range: $1.35 to $3.47
• Volume: 1.02 million shs
• Average Volume: 1.42 million shs
• Market Capitalization: $346.09 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.64
• Consensus Rating: Hold

SmartRent Stock Analysis - MarketRank™

SmartRent scored higher than 31% of companies evaluated by MarketBeat, and ranked 260th out of 342 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

SmartRent has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SmartRent has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for SmartRent are expected to decrease in the coming year, from ($0.09) to ($0.13) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SmartRent is -14.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SmartRent is -14.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SmartRent has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.51% of the float of SmartRent has been sold short.

Short Interest Ratio / Days to Cover

SmartRent has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in SmartRent has recently increased by 21.49%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

SmartRent does not currently pay a dividend.

Dividend Growth

SmartRent does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.51% of the float of SmartRent has been sold short.

Short Interest Ratio / Days to Cover

SmartRent has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in SmartRent has recently increased by 21.49%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.9 / 5
• News Sentiment: -0.33

News Sentiment

SmartRent has a news sentiment score of -0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for SmartRent this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for SMRT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, SmartRent insiders have bought more of their company's stock than they have sold. Specifically, they have bought $147,398.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 9.00% of the stock of SmartRent is held by insiders.

Percentage Held by Institutions

59.42% of the stock of SmartRent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SMRT Stock Analysis - Frequently Asked Questions

How have SMRT shares performed this year?

SmartRent's stock was trading at $3.19 at the start of the year. Since then, SMRT shares have decreased by 46.2% and is now trading at $1.7150.
View the best growth stocks for 2024 here.

How were SmartRent's earnings last quarter?

SmartRent, Inc. (NYSE:SMRT) issued its quarterly earnings data on Wednesday, August, 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. SmartRent's quarterly revenue was down 9.1% compared to the same quarter last year.

Who are SmartRent's major shareholders?

Top institutional shareholders of SmartRent include Old West Investment Management LLC (0.49%), SG Americas Securities LLC (0.04%) and Wealth Enhancement Advisory Services LLC (0.01%). Insiders that own company stock include Bain Capital Venture Investors, Robert T Best, Bruce C Strohm, Christopher Jon Edmonds, Frank Martell, Alana Beard, Robyn Young, Mitch Karren, Isaiah Derose-Wilson, Demetrios Barnes, Jonathan Wolter and Lucas Merwan Haldeman.
View institutional ownership trends.

How do I buy shares of SmartRent?

Shares of SMRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SmartRent own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SmartRent investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), Christopher & Banks (CBK), Meta Platforms (META), Tesla (TSLA) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/02/2024
• Next Earnings (Confirmed): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Computer integrated systems design
• Sub-Industry: N/A
• Current Symbol: NYSE:SMRT
• CUSIP: N/A
• CIK: 1837014
• Web: www.smartrent.com
• Phone: 844-479-1555
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.64
• High Stock Price Target: $4.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +53.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.12)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-34,590,000.00
• Net Margins: -10.73%
• Pretax Margin: -10.73%
• Return on Equity: -5.68%
• Return on Assets: -3.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.13
• Quick Ratio: 2.78

Sales & Book Value

• Annual Sales: $236.84 million
• Price / Sales: 1.47
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.69 per share
• Price / Book: 1.01

Miscellaneous

• Outstanding Shares: 202,390,000
• Free Float: 184,179,000
• Market Cap: $347.10 million
• Optionable: Optionable
• Beta: 1.97