As of May 2024, the U.S. stock market is experiencing fluctuations with a notable decline in equity values amid rising bond yields, reflecting investor concerns about prolonged high interest rates. In such a market environment, growth companies with high insider ownership can be particularly compelling as these insiders may have significant confidence in their companies' long-term potential despite short-term market volatility.
SCOTTSDALE, Ariz., May 08, 2024--$SMRT reports Q1 2024 earnings; sets new record with $47.6M SaaS annual recurring revenue and confirms 2024 growth outlook.
Key Insights Significantly high institutional ownership implies SmartRent's stock price is sensitive to their trading...