You Should Know These Things About Sumo Logic Inc. (SUMO)

As of Friday close, Sumo Logic Inc.’s (NASDAQ:SUMO) stock was up $0.92, moving up 12.90 percent to $8.05. The average number of shares traded per day over the past five days has been 3,626,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 1,891,530, while in the previous 50 days, it was 1,489,786.

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Since last month, SUMO stock retreated -26.82%. Shares of the company fell to $6.87 on 05/12/22, the lowest level in the past month. A 52-week high of $23.48 was reached on 01/04/22 after having rallying from a 52-week low of $6.87. Since the beginning of this year, SUMO’s stock price has dropped by -40.63% or -$5.51, and marked a new high 2 times. However, the stock has declined by -65.72% since its 52-week high.

Sumo Logic Inc. (SUMO) last reported insider trading activity 58 days ago on Mar 17. Beedgen Christian, the Director of the company, disposed of 5,778 shares for $10.27 on Mar 17. It resulted in a $59,311 divestment by the insider. McCord Jennifer sold 5,416 shares at an average price of $8.96 on Mar 15. The insider now owns 212,554 shares following the transaction. On Mar 15, General Counsel and Secretary Haar Katherine sold 4,674 shares at $8.96 apiece. The transaction was valued at $41,860.

Financial Health

In the three months ended October 30, Sumo Logic Inc.’s quick ratio stood at 2.20, while its current ratio was 2.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 67.80% percent. In the year ended October 30, operating margins totaled -50.10%. Based on annual data, SUMO earned $163.82 million in gross profit and brought in $242.12 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -29.40%. Return on equity (ROE) for the past 12 months was -28.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SUMO’s revenue fell -73.42% to $62.02 million during the quarter, while net income inched up to $29.91 million. While analysts expected Sumo Logic Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.12 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$20.77 million in EBITDA. The liabilities of Sumo Logic Inc. were 183.16 million at the end of its most recent quarter ended October 30, and its total debt was $8.13 million. The value of shareholders’ equity is $114.1 million.

Technical Picture

This quick technical analysis looks at Sumo Logic Inc.’s (SUMO) price momentum. With a historical volatility rate of 94.43%, the RSI 9-day stood at 39.46% on 13 May.

With respect to its five-day moving average, the current Sumo Logic Inc. price is down by -5.52% percent or -$0.47. At present, SUMO shares trade -24.48% below its 20-day simple moving average and -43.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.42% below its SMA50 and -61.85% below its SMA200.

Stochastic coefficient K was 17.03% and Stochastic coefficient D was 8.68%, while ATR was 0.68. Given the Stochastic reading of 37.94% for the 14-day period, the RSI (14) reading has been calculated as 37.99%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -1.30.

Analyst Ratings

Sumo Logic Inc. downgraded its rating on Sumo Logic Inc. (NASDAQ: SUMO) to a Hold in a note to investors on December 10, 2021. The analysts firm previously had a Buy rating on the stock.Sumo Logic Inc. (SUMO) has been rated Overweight by analysts. According to 0 brokerage firms, SUMO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sumo Logic Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $15.00, the current consensus forecast for the stock is $12.00 – $21.00. Based on these forecasts, analysts predict Sumo Logic Inc. (SUMO) will achieve an average price target of $15.64.


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