Has The Time Arrived To Buy This Mid Cap Stock-ALRM

Acrobull Canada Advisory Inc.

November 05

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Alarm.com Holdings, Inc	ALRM-NASDAQ	Consumer Cyclical	$2.655 Billion	Medium

Alarm.com Holdings, Inc. provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other.

Recent Highlights

Alarm.com's Gunshot Detection Solution Named a 2024 Most Valuable Product by Security Sales & Integration- Alarm.com’s indoor gunshot detection solution has been developed by SDS, a wholly owned subsidiary of Alarm.com that focuses on gunshot detection. It uses dual-authentication sensors to detect gunshots through a combination of infrared and acoustic sensing elements.

Advanced microphones listen for gunshot blasts, while the infrared sensing elements identify the distinct muzzle flashes that accompany gunfire, thereby increasing accuracy and reducing the risk of false alerts.

Second Quarter 2024 Financial Highlights

The company reported SaaS and license revenue increased 11.0% to $155.9 million, compared to $140.4 million.

The company reported Total revenue increased 4.4% to $233.8 million, compared to $223.9 million.

The company reported GAAP net income attributable to common stockholders increased 112.1% to $33.5 million, or $0.62 per diluted share, compared to $15.8 million, or $0.30 per diluted share.

The company reported Non-GAAP adjusted EBITDA increased 17.8% to $42.8 million, compared to $36.4 million.

The company reported Non-GAAP adjusted net income attributable to common stockholders increased 20.2% to $32.0 million, or $0.58 per diluted share, compared to $26.6 million, or $0.49 per diluted share.

Stock Observation- The company is set to report the earnings on November 07, 2024 and is expected to report better earnings, however customers need to be cautious as the stock performance is impacted due to various factors, and hence cautious buying is required. The RSI level for the stock is at 47 which shows close to oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrovest only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrovest would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$53.91 USD
Acrobull Recommendation	Buy
Target Price	$59.25 USD
RSI Level	14 Day RSI 47
Total Shares Outstanding	49.25 Million
Shares held by Insiders Risk Factor Stop Loss	5.36% Medium 5%