What You Need To Know About Smartsheet Inc. (SMAR)

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Smartsheet Inc. (NYSE:SMAR) finished Friday with a subtraction of -$0.53 to close at $39.36, a downside of -1.33 percent. An average of 812,100 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,428,765 shares traded, while the 50-day average volume stands at 1,408,720.

SMAR stock has increased by 28.04% in the last month. The company shares reached their 1-month lowest point of $30.31 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 $25.09 and a high of $79.95 in 52 weeks. It has reached a new high 1 time so far this year and lost -49.18% or -$38.09 in price. In spite of this, the price is down -50.77% from the 52-week high.

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Insider Transactions

SMAR stock investors should be aware that Smartsheet Inc. (SMAR) stock had its last reported insider trading activity 17 days ago on Dec 14. In this transaction, the insider spent $93,308. Chief Legal Officer, Marshall Jolene Lau, disposed of 1,366 shares at a price of $41.36 on Dec 14. The insider now owns more than $56,498 worth of shares. Prior to that, Chief Legal Officer Marshall Jolene Lau went on to Sale 6,001 shares at $31.45 each on Nov 16. An amount of $188,731 was transacted.

Valuation Metrics

Smartsheet Inc. (SMAR) stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.38, the price-to-book (PB) ratio at 10.87.

Financial Health

The quick ratio of Smartsheet Inc. for the three months ended July 30 was 1.30, and the current ratio was 1.30, 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 $434.36 million compared to revenue of $550.83 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, Smartsheet Inc.’s return on assets was -22.60%.

Earnings Surprise

For the three-month period that ended July 30, Smartsheet Inc. had $240.32 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$40.14 million in the quarter, while revenues of -$62.31 million were grew 8.52%. The analyst consensus anticipated Smartsheet Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.1, a 50.00% surprise. For the quarter, EBITDA amounted to -$27.97 million. Shareholders own equity worth $131.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Smartsheet Inc. (SMAR) price momentum. RSI 9-day as of the close on 30 December was 55.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.94%.

As of today, SMAR’s price is $38.63 -0.18% or -$0.07 from its 5-day moving average. SMAR is currently trading +21.07% higher than its 20-day SMA and +11.22% higher than its 100-day SMA. However, the stock’s current price level is +24.24% above the SMA50 and -11.87% below the SMA200.

The stochastic %K and %D were 42.51% and 39.02%, respectively, and the average true range (ATR) was 1.88. With the 14-day stochastic at 42.81% and the average true range at 1.94, the RSI (14) stands at 57.31%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -1.02.

Analyst Ratings

Barclays launched coverage on Smartsheet Inc. (NYSE: SMAR) in its analyst report released on December 15, 2022. The firm assigned the stock an Equal weight rating.

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