Samsara Inc. (IOT) Reached A New High 2 times During The Past Five Days

As of Friday close, Samsara Inc.’s (NYSE:IOT) stock was up $1.15, moving up 11.45 percent to $11.19. The average number of shares traded per day over the past five days has been 2,291,540 shares. 2 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 1,459,915, while in the previous 50 days, it was 1,450,742.

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Since last month, IOT stock retreated -21.97%. Shares of the company fell to $8.72 on 05/12/22, the lowest level in the past month. Since the beginning of this year, IOT’s stock price has dropped by -60.19%. However, the stock has declined by -64.37% since its 52-week high.

Samsara Inc. (IOT) last reported insider trading activity 60 days ago on Mar 15. Sekar Kiren, the of the company, disposed of 60,534 shares for $13.34 on Mar 15. It resulted in a $807,753 divestment by the insider. Phillips Dominic sold 79,971 shares at an average price of $13.37 on Mar 15. The insider now owns 2,679,005 shares following the transaction. On Mar 15,  McCall Andy sold 44,214 shares at $13.37 apiece. The transaction was valued at $590,966.

Financial Health

In the three months ended January 30, Samsara Inc.’s quick ratio stood at 3.20, while its current ratio was 3.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 70.90% percent. In the year ended January 30, operating margins totaled -82.60%.

While analysts expected Samsara Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 28.60%.

Technical Picture

This quick technical analysis looks at Samsara Inc.’s (IOT) price momentum. With a historical volatility rate of 115.96%, the RSI 9-day stood at 45.10% on 13 May.

With respect to its five-day moving average, the current Samsara Inc. price is up by +1.27% percent or $0.14. At present, IOT shares trade -15.93% below its 20-day simple moving average and -53.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.47% below its SMA50.

Stochastic coefficient K was 25.60% and Stochastic coefficient D was 16.26%, while ATR was 1.23. Given the Stochastic reading of 45.74% for the 14-day period, the RSI (14) reading has been calculated as 41.78%. As of today, the MACD Oscillator reading stands at -0.77, while the 14-day reading stands at -1.49.

With a median target price of $27.00, the current consensus forecast for the stock is $25.00 – $34.00. Based on these forecasts, analysts predict Samsara Inc. (IOT) will achieve an average price target of $27.50.


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