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: $1.45 to $1.50
• 50-Day Range: $1.41 to $1.83
• 52-Week Range: $1.17 to $3.47
• Volume: 1.03 million shs
• Average Volume: 1.42 million shs
• Market Capitalization: $283.08 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.50
• Consensus Rating: Hold

SmartRent Stock Analysis - MarketRank™

SmartRent scored higher than 51% of companies evaluated by MarketBeat, and ranked 167th out of 331 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, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SmartRent has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for SmartRent are expected to decrease in the coming year, from ($0.14) to ($0.17) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SmartRent is -11.31, 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 -11.31, 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 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.64% 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 5.1.

Change versus previous month

Short interest in SmartRent has recently decreased by 2.21%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

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

4.64% 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 5.1.

Change versus previous month

Short interest in SmartRent has recently decreased by 2.21%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.58

News Sentiment

SmartRent has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of Business Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for SmartRent this week, compared to 1 article on an average week.

Search Interest

2 people have searched for SMRT on MarketBeat in the last 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 $291,794.00 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 on January 1st, 2024. Since then, SMRT stock has decreased by 53.9% and is now trading at $1.47.
View the best growth stocks for 2024 here.

How were SmartRent's earnings last quarter?

SmartRent, Inc. (NYSE:SMRT) announced its quarterly earnings results on Wednesday, November, 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.03. The firm's quarterly revenue was down 30.3% compared to the same quarter last year.

Who are SmartRent's major shareholders?

Top institutional shareholders of SmartRent include Citigroup Inc. (5.20%), State Street Corp (2.18%), Clearline Capital LP (1.16%) and Charles Schwab Investment Management Inc. (0.79%). Insiders that own company stock include Bain Capital Venture Investors, Robert T Best, Frank Martell, Bruce C Strohm, Christopher Jon Edmonds, 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: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

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: $2.50
• High Stock Price Target: $4.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +70.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.13)
• 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: -12.77%
• Pretax Margin: -12.75%
• Return on Equity: -6.08%
• Return on Assets: -4.15%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.31
• Quick Ratio: 2.90

Sales & Book Value

• Annual Sales: $199.77 million
• Price / Sales: 1.42
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.69 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 192,569,000
• Free Float: 175,238,000
• Market Cap: $283.08 million
• Optionable: Optionable
• Beta: 1.96