At the last check on Thursday, Smartsheet Inc.’s (NYSE:SMAR) stock was down -$0.31, moving down -0.77 percent to $39.84. The average number of shares traded per day over the past five days has been 1,171,474 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 1,049,788, while in the previous 50 days, it was 1,734,543.
Since last month, SMAR stock retreated -7.99%. Shares of the company fell to $39.33 on 08/11/23, the lowest level in the past month. A 52-week high of $52.81 was reached on 06/07/23 after having rallying from a 52-week low of $25.09. Since the beginning of this year, SMAR’s stock price has risen by 1.22% or $0.41, and marked a new high 14 times. However, the stock has declined by -24.56% since its 52-week high.
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SMAR stock investors should be aware that Smartsheet Inc. (SMAR) stock had its last reported insider trading activity 65 days ago on Jun 13. GREGOIRE MICHAEL P, the Director of the company, purchased of 3,800 shares for $39.38 on Jun 13. It resulted in a $149,644 investment by the insider. Marshall Jolene Lau sold 1,051 shares at an average price of $44.31 on May 16. The insider now owns 6,585 shares following the transaction. On Mar 31, Chief Revenue Officer Arntz Michael sold 7,961 shares at $47.72 apiece. The transaction was valued at $379,899.
Valuation Metrics
The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 6.51, the price-to-book (PB) ratio of 10.40, and the price-to-cash flow ratio of 106.22 may also be considered.
Financial Health
In the three months ended April 29, Smartsheet Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.70% percent. In the year ended April 29, EBITDA margin amounted to -24.12%, whereas operating margins totaled -22.50%. Based on annual data, SMAR earned $601.63 million in gross profit and brought in $766.91 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 -46.20%. Return on equity (ROE) for the past 12 months was -36.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SMAR’s revenue rose 23.46% to $212.34 million during the quarter, while net income inched up to $219.89 million. While analysts expected Smartsheet Inc. to report $0.07 quarterly earnings, the actual figure was $0.18 per share, beating the consensus estimate by 157.10%. During the quarter, the company generated -$16.3 million in EBITDA. The liabilities of Smartsheet Inc. were 601.99 million at the end of its most recent quarter ended April 29, and its total debt was $62.67 million. The value of shareholders’ equity is $133.61 million.
Technical Picture
This quick technical analysis looks at Smartsheet Inc.’s (SMAR) price momentum. With a historical volatility rate of 36.45%, the RSI 9-day stood at 39.26% on 16 August.
With respect to its five-day moving average, the current Smartsheet Inc. price is down by -0.57% percent or -$0.23. At present, SMAR shares trade -4.99% below its 20-day simple moving average and -15.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.02% below its SMA50 and +14.12% above its SMA200.
Stochastic coefficient K was 11.98% and Stochastic coefficient D was 14.52%, while ATR was 1.42. Given the Stochastic reading of 8.48% for the 14-day period, the RSI (14) reading has been calculated as 42.84%. As of today, the MACD Oscillator reading stands at -0.49, while the 14-day reading stands at -1.25.
Analyst Ratings
Barclays launched its rating on Smartsheet Inc. (NYSE: SMAR) to an Equal weight in a note to investors on December 15, 2022. Smartsheet Inc. (SMAR) has been rated Buy by analysts. According to 0 brokerage firms, SMAR 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 Smartsheet Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $40.00 – $60.00. Based on these forecasts, analysts predict Smartsheet Inc. (SMAR) will achieve an average price target of $50.97.
