Smart Home Automation Stocks Up Nearly 35% in 2020Posted By Michael Goris
A recent article indicated that 52 publicly traded companies dealing in smart home automation experienced an average stock price increase of 34.5% in 2020. This is yet another indication that the smart home industry is stronger than ever, as expectations are being set high for 2021.
Of the 52 publicly traded smart home automation companies followed from January 2020 to January 2021, 38 saw their stock price increase, compared with only 14 that experienced a decline in stock price across the same time frame. For comparison, a similar study of 52 smart home automation companies from the year prior reported that only 8 companies saw stock price declines in 2019, while the other 44 companies had their stock prices increase. Because of this, we can't say that the smart home industry was stronger in 2020 compared with 2019. But 2020 was still a fairly successful year. And as the economy looks to recover following the COVID-19 pandemic, we expect that things will only get better in 2021.
One company in the list that had a particularly strong showing was Alarm.com. They enjoyed a fantastic 141% stock price increase, as their price of $42.97 in January 2020 was up to $103.45 in January 2021. Johnson Controls, the owner of Qolsys and DSC, experienced a more modest gain of 14%, as their stock price rose from $40.71 in January 2020, to $46.59 in January 2021. The same can be said for Silicon Labs, the operator of the Z-Wave Alliance. Their January 2020 stock price was $115.98, and it rose to a January 2021 stock price of $127.34, for a nice 10% increase.
Alarm Grid was happy to see some of the companies and manufacturers we work with have a successful 2020 year, despite all of the global challenges involved. If you are interested in starting alarm monitoring service with Alarm Grid so that you can take full advantage of great equipment from companies like Alarm.com, Johnson Controls, and Silicon Labs, please feel free to email us at email@example.com for more information. We're here to check your emails from 9am to 8pm ET M-F. We look forward to hearing from you!