Critical Survey: Canna-Global Acquisition (NASDAQ:CNGL) versus SmartRent (NYSE:SMRT)

Canna-Global Acquisition (NASDAQ:CNGLGet Free Report) and SmartRent (NYSE:SMRTGet Free Report) are both small-cap business services companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability and analyst recommendations.

Valuation and Earnings

This table compares Canna-Global Acquisition and SmartRent’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Canna-Global Acquisition N/A N/A N/A N/A N/A
SmartRent $236.84 million 2.31 -$34.59 million ($0.18) -14.89

Canna-Global Acquisition has higher earnings, but lower revenue than SmartRent.

Profitability

This table compares Canna-Global Acquisition and SmartRent’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Canna-Global Acquisition N/A N/A N/A
SmartRent -14.60% -9.97% -6.64%

Institutional & Insider Ownership

19.6% of Canna-Global Acquisition shares are owned by institutional investors. Comparatively, 59.4% of SmartRent shares are owned by institutional investors. 72.1% of Canna-Global Acquisition shares are owned by company insiders. Comparatively, 12.0% of SmartRent shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Canna-Global Acquisition and SmartRent, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canna-Global Acquisition 0 0 0 0 N/A
SmartRent 0 1 3 0 2.75

SmartRent has a consensus price target of $4.18, suggesting a potential upside of 55.78%. Given SmartRent’s higher probable upside, analysts clearly believe SmartRent is more favorable than Canna-Global Acquisition.

Risk & Volatility

Canna-Global Acquisition has a beta of 0.01, meaning that its stock price is 99% less volatile than the S&P 500. Comparatively, SmartRent has a beta of 2.02, meaning that its stock price is 102% more volatile than the S&P 500.

Summary

SmartRent beats Canna-Global Acquisition on 5 of the 9 factors compared between the two stocks.

About Canna-Global Acquisition

(Get Free Report)

Canna-Global Acquisition Corp does not have significant operations. It intends to acquire and engage in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all the assets of, entering into contractual arrangements with, or in any other similar business combination with one or more businesses or entities. It focuses on identify and acquiring a business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.

About SmartRent

(Get Free Report)

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.

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