What The Financials Tell Us About Samsara Inc. (IOT)

KOSK Stock
KOSK Stock

Samsara Inc. (NYSE:IOT) finished Wednesday with a subtraction of -$0.26 to close at $12.78, a downside of -1.99 percent. An average of 2,645,160 shares of common stock have been traded in the last five days. There was a fall of -$1.87 in the past week. The last 20 days have seen an average of 1,382,995 shares traded, while the 50-day average volume stands at 1,329,538.

IOT stock has decreased by -22.45% in the last month. The company shares reached their 1-month lowest point of $11.75 on 09/01/22. Shares of the company touched a low of $8.72 and a high of $31.41 in 52 weeks. It has reached a new high 1 time so far this year and lost -54.54% or -$15.33 in price. In spite of this, the price is down -59.31% from the 52-week high.

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Insider Transactions

6 days have passed since Samsara Inc. (IOT) last reported insider trading activity. Chadwick Jonathan, who is Director, most recently acquired $6,103 shares at $12.83 per share on Sep 02. In this transaction, the insider spent $78,292., Calderon Benjamin, disposed of 43,566 shares at a price of $12.82 on Sep 02. The insider now owns more than $558,642 worth of shares. Prior to that, Calderon Benjamin went on to Sale 39,715 shares at $14.01 each on Jul 07. An amount of $556,447 was transacted.

Valuation Metrics

Samsara Inc. (IOT) has a trailing price-to-sales (P/S) ratio at 13.62, the price-to-book (PB) ratio at 6.73.

Financial Health

The quick ratio of Samsara Inc. for the three months ended July 30 was 2.90, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending July 30. Its gross profit as reported stood at $303.86 million compared to revenue of $428.35 million.

Earnings Surprise

The analyst consensus anticipated Samsara Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.04, a 42.90% surprise. For the quarter, EBITDA amounted to -$63.14 million. Shareholders own equity worth $514.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Samsara Inc. (IOT) price momentum. RSI 9-day as of the close on 07 September was 28.76%, suggesting the stock is oversold, with historical volatility in this time frame at 75.57%.

As of today, IOT’s price is $13.28 -12.76% or -$1.87 from its 5-day moving average. IOT is currently trading -20.32% lower than its 20-day SMA and -10.88% lower than its 100-day SMA. However, the stock’s current price level is +7.94% above the SMA50.

The stochastic %K and %D were 19.51% and 19.36%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 17.94% and the average true range at 1.03, the RSI (14) stands at 35.39%. The stock has reached -1.21 on the 9-day MACD Oscillator while the 14-day reading was at -1.88.

Analyst Ratings

Goldman downgraded Samsara Inc. (NYSE: IOT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Samsara Inc. (IOT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IOT, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $16.00 and $22.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for Samsara Inc. (IOT) stock is $19.13.


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