The Price Of Samsara Inc. (IOT) Has Climbed $50.68 Past Week


The stock of Samsara Inc. (NYSE:IOT) decreased by -$0.55 on Friday to finish at $15.35, down -3.46 percent. The last five days have seen an average of 746,800 shares of common stock traded. The average number of shares traded over the last 20 days was 1,002,705, while the average volume over the last 50 days totaled 1,363,742.

IOT stock appreciated 4.49% since last month. On 07/27/22, the company’s shares reached a one-month low of $13.12. The stock touched a high of $31.41, after rallying from a low of $8.72 in 52 weeks. The price of IOT stock has declined by -45.39% or -$12.76 this year, reaching a new high 1 time. Still, the stock price is down -51.13% from the 52-week high.

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Insider Transactions

There have been 53 days since Samsara Inc. (IOT) last reported insider trading activity on Jul 07. On Jul 07, Calderon Benjamin sold 39,715 shares at $14.01 each. This transaction resulted in the insider making $556,447. On Jun 15, Sekar Kiren sold 70,062 shares at a price of US$10.99. After the transaction, the insider now owns 264,045 shares. Phillips Dominic had earlier sold 95,219 shares on Jun 15 for $10.99 a share. The transaction was completed for $1,046,600.

Financial Health

For the three months ended April 29, Samsara Inc.’s quick ratio was 2.90, while its current ratio was 3.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 71.30% percent. Samsara Inc.’s operating margin stood at -79.80% for the same period. Based on annual data, it had gross profit of $303.86 million and revenue of $428.35 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -35.90% return on investment (ROI) in the past year.

Earnings Surprise

According to Samsara Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $142.65 million, while revenues rose by 100.0% to $0.0. It was predicted that Samsara Inc.’s quarterly earnings would be -$0.05, but it ended up being -$0.08, beating the consensus by 37.50%. EBITDA was -$67.84 million for the quarter. At the end of Samsara Inc.’s most recent quarter ended April 29, its liabilities totaled 582.54 million, while its total debt was $139.16 million. Equity owned by shareholders amounts to $509.2 million.

Technical Picture

Here’s a quick look at Samsara Inc.’s (IOT) price momentum from a technical perspective. As of 26 August, the RSI 9-day stood at 44.26%, suggesting the stock is Neutral, with a 64.76% historical volatility rate.

The stochastic %K and %D were 23.85% and 21.50% respectively, while the average true range (ATR) was 0.87. Based on the 14-day stochastic reading of 13.71%, the RSI (14) reading is 49.23%. On the 9-day MACD Oscillator, the stock is at -0.39, and the 14-day reading is at -0.54.

Analyst Ratings

Samsara Inc. (NYSE: IOT) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Samsara Inc. (IOT) an Buy rating. IOT is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.

What is IOT’s price target for the next 12 months?

The current consensus forecast for the stock is between $15.00 and $21.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Samsara Inc. (IOT) is $18.38.


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