Based on the key indicators related to SmartRent's liquidity, profitability, solvency, and operating efficiency, SmartRent is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in December. At this time, SmartRent's Other Current Liabilities is comparatively stable compared to the past year. Accounts Payable is likely to gain to about 28.9 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 1.1 M in 2024. Key indicators impacting SmartRent's financial strength include:
The essential information of the day-to-day investment outlook for SmartRent includes many different criteria found on its balance sheet. An individual investor should monitor SmartRent's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in SmartRent.
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Understanding current and past SmartRent Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of SmartRent's financial statements are interrelated, with each one affecting the others. For example, an increase in SmartRent's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in SmartRent's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SmartRent. Check SmartRent's Beneish M Score to see the likelihood of SmartRent's management manipulating its earnings.
SmartRent Stock Summary
SmartRent competes with Enfusion, E2open Parent, Envestnet, Hitek Global, and ON24. 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. SmartRent, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona. Smartrent operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 6 people.
The reason investors look at the income statement is to determine what SmartRent's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining SmartRent's current stock value. Our valuation model uses many indicators to compare SmartRent value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SmartRent competition to find correlations between indicators driving SmartRent's intrinsic value. More Info.
SmartRent is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, SmartRent's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value SmartRent by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
SmartRent Systematic Risk
SmartRent's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SmartRent volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on SmartRent correlated with the market. If Beta is less than 0 SmartRent generally moves in the opposite direction as compared to the market. If SmartRent Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SmartRent is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SmartRent is generally in the same direction as the market. If Beta > 1 SmartRent moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in SmartRent Stock are looking for potential investment opportunities by analyzing not only static indicators but also various SmartRent's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of SmartRent growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of SmartRent help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SmartRent. We use our internally-developed statistical techniques to arrive at the intrinsic value of SmartRent based on widely used predictive technical indicators. In general, we focus on analyzing SmartRent Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SmartRent's daily price indicators and compare them against related drivers.
When running SmartRent's price analysis, check to measure SmartRent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SmartRent is operating at the current time. Most of SmartRent's value examination focuses on studying past and present price action to predict the probability of SmartRent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SmartRent's price. Additionally, you may evaluate how the addition of SmartRent to your portfolios can decrease your overall portfolio volatility.