Smartsheet Inc. (NYSE:SMAR) saw an upside of 0.94% to $66.52 after adding $0.62 on Wednesday. The 5-day average trading volume is 818,162 shares of the company’s common stock. It has gained $68.23 in the past week. An average of 916,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,074,412.
SMAR’s 1-month performance is -6.62% or -$3.59 on its low of $63.30 reached on 10/11/21. The company’s shares have touched a 52-week low of $48.62 and high of $85.65, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, SMAR has lost -4.89% or -$2.31. However, the current price is down -22.34%% from the 52-week high price.
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On Oct 07, 6 days have gone by since the last insider trading activity for Smartsheet Inc. (SMAR). Griffin Anna (Chief Marketing Officer) most recently sold 663 shares at $68.00 per share on Oct 07. This transaction cost the insider $45,084. Director, Barker Geoffrey T, sold 6,750 shares at a price of $67.30 on Oct 07. Then, on Oct 06, Director Barker Geoffrey T sold 6,750 shares at a price of $66.01 per share. This transaction amounted to $445,571.
Smartsheet Inc. (SMAR) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.08 for the sector.SMAR stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.58 while the price-to-book (PB) in the most recent quarter is 16.15.
Smartsheet Inc.’s quick ratio for the period ended July 30 was 1.60, with the current ratio over the same period at 1.60 meaning that SMAR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 77.70%. The trailing 12-month EBITDA margin is -23.43% while for the period ending July 30; Smartsheet Inc.’s operating margin was -32.10%. The firm’s gross profit as reported stood at $299.97 million against revenue of $385.51 million.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SMAR to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.05, representing a 61.50% surprise. EBITDA for the quarter stood at more than -$27.98 million. SMAR stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 409.58 million, with total debt at $82.54 million. Shareholders hold equity totaling $125.97 million
Let’s look briefly at Smartsheet Inc. (SMAR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.76%.
The stock’s 5-day moving average is $65.77, reflecting a +1.61% or $1.06 change from its current price. SMAR is currently trading -8.03% above its 20-day SMA, +18.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.05% and -4.93% respectively.
Stochastic %K and %D was 17.09% and 13.43% and the average true range (ATR) pointed at 2.68. The RSI (14) points at 43.08%, while the 14-day stochastic is at 27.18% with the period’s ATR at 2.76. The stock’s 9-day MACD Oscillator is pointing at -0.35 and -2.52 on the 14-day charts.
In the most recent analyst report for Smartsheet Inc. (NYSE: SMAR), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for SMAR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SMAR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is SMAR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $77.00 and a high of $105.00, with their median price target at $94.50. Looking at these predictions, the average price target given by analysts is for Smartsheet Inc. (SMAR) stock is $92.00.