SmartRent Accelerates SaaS Growth by 32 percent YY Reports First Quarter 2024 Results
| SMRT Stock | USD 1.71 0.02 1.16% |
Slightly above 64% of all SmartRent's private investors are looking to take a long position. The analysis of the overall prospects from investing in SmartRent suggests that some traders are, at the present time, interested. SmartRent's investing sentiment can be driven by a variety of factors including economic data, SmartRent's earnings reports, geopolitical events, and overall market trends.
SmartRent |
SMRT reports Q1 2024 earnings sets new record with 47.6M SaaS annual recurring revenue and confirms 2024 growth outlook.
Read at businesswire.com
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SmartRent Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards SmartRent can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
SmartRent Fundamental Analysis
We analyze SmartRent's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SmartRent using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SmartRent based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
SmartRent is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
SmartRent Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SmartRent stock to make a market-neutral strategy. Peer analysis of SmartRent could also be used in its relative valuation, which is a method of valuing SmartRent by comparing valuation metrics with similar companies.
Peers
SmartRent Related Equities
| ETWO | E2open Parent | 3.62 | ||||
| EXFY | Expensify | 1.78 | ||||
| CCRD | CoreCard Corp | 1.72 | ||||
| SEMR | Semrush Holdings | 0.51 | ||||
| PYCR | Paycor HCM | 0.16 | ||||
| ENFN | Enfusion | 0.1 | ||||
| ONTF | ON24 | 0.15 | ||||
| HKIT | Hitek Global | 0.78 | ||||
| PAR | PAR Technology | 1.16 | ||||
| MLNK | Meridianlink | 1.37 | ||||
| LAW | CS Disco | 2.50 | ||||
| CWAN | Clearwater Analytics | 4.70 |
Additional Tools for SmartRent Stock Analysis
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.