Is Wall Street High Or Low On Samsara Inc. (IOT)?


Samsara Inc. (NYSE:IOT) finished Friday with an addition of $0.22 to close at $12.43, an upside of 1.80 percent. An average of 834,500 shares of common stock have been traded in the last five days. There was a fall of -$0.04 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,683,505 shares traded, while the 50-day average volume stands at 1,491,480.

IOT stock has increased by 30.43% in the last month. The company shares reached their 1-month lowest point of $9.44 on 12/01/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $8.42 and a high of $29.10 in 52 weeks. It has reached a new high 1 time so far this year and lost -55.78% or -$15.68 in price. In spite of this, the price is down -57.29% from the 52-week high.

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Insider Transactions

IOT stock investors should be aware that Samsara Inc. (IOT) stock had its last reported insider trading activity 3 days ago on Dec 28. In this transaction, the insider spent $2,025,068., Sekar Kiren, disposed of 66,387 shares at a price of $12.21 on Dec 20. The insider now owns more than $810,877 worth of shares. Prior to that, Chief Accounting Officer Munk James Andrew went on to Sale 3,088 shares at $12.45 each on Dec 19. An amount of $38,458 was transacted.

Valuation Metrics

Samsara Inc. (IOT) has a trailing price-to-sales (P/S) ratio at 11.08, the price-to-book (PB) ratio at 6.83.

Financial Health

The quick ratio of Samsara Inc. for the three months ended October 30 was 2.40, and the current ratio was 2.50, 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 October 30. Its gross profit as reported stood at $303.86 million compared to revenue of $428.35 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Samsara Inc.’s return on assets was -28.90%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$58.56 million in the quarter, while revenues of -$64.28 million were grew 101.06%. The analyst consensus anticipated Samsara Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.02, a 66.70% surprise. For the quarter, EBITDA amounted to -$60.13 million. Shareholders own equity worth $518.88 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 30 December was 54.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.71%.

As of today, IOT’s price is $12.04 -0.32% or -$0.04 from its 5-day moving average. IOT is currently trading +25.56% higher than its 20-day SMA and -22.51% lower than its 100-day SMA. However, the stock’s current price level is +8.56% above the SMA50 and -18.01% below the SMA200.

The stochastic %K and %D were 23.67% and 20.05%, respectively, and the average true range (ATR) was 0.74. With the 14-day stochastic at 36.38% and the average true range at 0.76, the RSI (14) stands at 55.04%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.56.

Analyst Ratings

MoffettNathanson launched coverage on Samsara Inc. (NYSE: IOT) in its analyst report released on September 22, 2022. The firm assigned the stock a Buy rating. 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 8 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 $15.00 and $28.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Samsara Inc. (IOT) stock is $18.56.


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