Analysts have high confidence in SmartRent's growth rate, predicting a breakeven point in 2024. The company's lack of debt is unusual for a growth company and reduces investment risk.
SmartRent, a high-growth firm, is set to reach breakeven in just over a year, according to analyst predictions. The company stands out as it carries no debt, making it a less risky investment.
The$非必需消费类ETF-SPDR(XLY.US)$performed poorly this week as Tesla's$特斯拉(TSLA.US)$15.44% drop helped contribute to an overall 3.54% decrease. The$日常消费品精选行业指数ETF-SPDR(XLP.US)$was nearly in-line with the$SPDR 标普500指数ETF(SPY.US)$, down 0.22% on the week. EV charging stocks$EVgo Inc(EVGO.US)$, up 89.38%,$Volta(VLTA.US)$, up 34.93%, and$QuantumScape(QS.US)$, up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S. Rounding out the top five, technology e-commerce site and moomoo favorite$Newegg Commerce(NEGG.US)$, jumped 33.78%, and luxury fashion retail platform$Farfetch(FTCH.US)$reported a 24.15% gain after confirming a partnership with designer Richemont. On the opposite spectrum, beverage company$Celsius Holdings(CELH.US)$, down 22.87%, was the biggest loser after input cost inflation and supply chain challenges caused a Q3 earnings miss. Scrubs seller$FIGS Inc(FIGS.US)$also cited supply chain challenges and is down 18.36% on the week despite posting a Q3 beat. $National Vision(EYE.US)$beat earnings but fell 21.77% as full-year guidance was below consensus estimates. Shares dropped throughout the week as Bank of America downgraded the stock to Underperform, citing headwinds including "more normalized product mix & average ticket" that could continue into 1H22. EV company$Arrival(ARVL.US)$trades down 18.86% for the week after it delayed its production timeline. The electric van and bus maker now expects "significantly lower" volume levels in 2022. Finally, home solutions company$SmartRent(SMRT.US)$fell 21.06% after reporting earnings that weren't as good as investors had hoped. Narrowly missing the top five decliners were Tesla, which fell 15.44% as Elon Musk and his brother sold shares in the company, and$Beyond Meat(BYND.US)$, down 14.65% after issuing Q4 revenue outlook well below consensus.
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Brain Gomes :
Picked up 400 shares of EVGO last week. Can’t have an EV revolution without infrastructure.
Rickydi :
Warning: Monies from the infrastructure bill will not be used for a least another 6 months of longer for these stocks. No rush to get into them.
SmartRent股票讨论区
专栏Today's pre-market stock movers: RKLB, ILMN, TOST, BABA and more
In reaction to earnings/guidance:
• $Payoneer Global(PAYO.US)$ +19.4%,$Toast(TOST.US)$ +13.1%,$PDF Solutions(PDFS.US)$ +7.7%,$Wheels Up Experience(UP.US)$ +7.1%,$LegalZoom(LZ.US)$ +6.5%,$Joby Aviation(JOBY.US)$ +3.6%,$indie Semiconductor(INDI.US)$ +2.9%,$Rocket Lab(RKLB.US)$ +2.4%,$Rivian Automotive(RIVN.US)$ +1.2%
Other news:
• $WeTrade Group(WETG.US)$ +47.8%(announces $50 million sales of monkeypox virus test kits to Par...
专栏Top upgrades and downgrades on 5/25
• $Air Products & Chemicals(APD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $290 (from $288)
• $芝加哥商品交易所(CME.US)$ : Oppenheimer Upgrades to Outperform from Perform - PT $223
• $Equitable(EQH.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $36
• $Diamondback Energy(FANG.US)$ : Barclays Upgrades to Overweight from Equalweight - PT $160 (from $162)
• $吉劳埃地产(KRC.US)$ : Goldman Sachs Upgrades to Buy from Neu...
专栏Today's pre-market stock movers: BYND, DIS, F, GM and more
• $Cullinan Therapeutics(CGEM.US)$ +22.4% (Cullinan Management and Taiho Pharmaceutical to collaborate to jointly develop and commercialize CLN081/TAS6417 and Taiho's acquisition of Cullinan Pearl)
• $Lordstown Motors(RIDE.US)$ +17.2% (closes asset purchase agreement with Foxconn)
• $Applovin(APP.US)$ +15.5%(In reaction to earnings)
• $SmartRent(SMRT.US)$ +15.4%(In reaction to earnings)
• $Coupang(CPNG.US)$ +14.3%(In reaction to earn...
专栏Top upgrades and downgrades on 5/12
•$美国雅保(ALB.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $285 (from $215)
• $Alcon(ALC.US)$ : Stephens Upgrades to Overweight from EqualWeight - PT $92 (from $86)
• $Atlantica Sustainable Infrastructure(AY.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $33 (from $38)
• $Coupang(CPNG.US)$ : Citigroup Upgrades to Buy from Neutral - PT $15 (from $29)
• $89bio(ETNB.US)$ : Raymond James Upgrades to Strong Buy from Outp...
专栏Today's pre-market stock movers: TLRY, ACB, CGC and more
• $Tilray Brands(TLRY.US)$ +17.2% $极光大麻(ACB.US)$ +13.61% $Canopy Growth(CGC.US)$ +10% $Cronos Group(CRON.US)$ +6.5% $ETFMG Alternative Harvest ETF(MJ.US)$ +6.1% $GrowGeneration(GRWG.US)$ +5.3% . ( The House Rules Committee has scheduled a Monday-afternoon meeting to prepare a federal marijuana legalization bill for floor action.)
Read More: Cannabis stocks that moved on news that federal cannabis legalization bill heads ...
EV charging stocks lead consumer gainers, supply chain challenges hurt losers
EV charging stocks $EVgo Inc(EVGO.US)$ , up 89.38%, $Volta(VLTA.US)$ , up 34.93%, and $QuantumScape(QS.US)$ , up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S.
Rounding out the top five, technology e-commerce site and moomoo favorite $Newegg Commerce(NEGG.US)$ , jumped 33.78%, and luxury fashion retail platform $Farfetch(FTCH.US)$ reported a 24.15% gain after confirming a partnership with designer Richemont.
On the opposite spectrum, beverage company $Celsius Holdings(CELH.US)$ , down 22.87%, was the biggest loser after input cost inflation and supply chain challenges caused a Q3 earnings miss. Scrubs seller $FIGS Inc(FIGS.US)$ also cited supply chain challenges and is down 18.36% on the week despite posting a Q3 beat.
$National Vision(EYE.US)$ beat earnings but fell 21.77% as full-year guidance was below consensus estimates. Shares dropped throughout the week as Bank of America downgraded the stock to Underperform, citing headwinds including "more normalized product mix & average ticket" that could continue into 1H22.
EV company $Arrival(ARVL.US)$ trades down 18.86% for the week after it delayed its production timeline. The electric van and bus maker now expects "significantly lower" volume levels in 2022.
Finally, home solutions company $SmartRent(SMRT.US)$ fell 21.06% after reporting earnings that weren't as good as investors had hoped.
Narrowly missing the top five decliners were Tesla, which fell 15.44% as Elon Musk and his brother sold shares in the company, and $Beyond Meat(BYND.US)$, down 14.65% after issuing Q4 revenue outlook well below consensus.
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