As of Wednesday close, Samsara Inc.’s (NYSE:IOT) stock was down -$0.29, moving down -1.23 percent to $23.36. The average number of shares traded per day over the past five days has been 1,375,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 1,983,475, while in the previous 50 days, it was 3,154,354.
Since last month, IOT stock retreated -19.61%. Shares of the company fell to $23.22 on 08/11/23, the lowest level in the past month. A 52-week high of $30.91 was reached on 06/09/23 after having rallying from a 52-week low of $8.42. Since the beginning of this year, IOT’s stock price has risen by 87.93% or $10.93, and marked a new high 27 times. However, the stock has declined by -24.43% since its 52-week high.
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IOT stock investors should be aware that Samsara Inc. (IOT) stock had its last reported insider trading activity 8 days ago on Aug 09. Bicket John, the of the company, disposed of 210 shares for $24.59 on Aug 09. It resulted in a $5,165 divestment by the insider. Bicket John sold 90,085 shares at an average price of $24.44 on Aug 08. The insider now owns 284,999 shares following the transaction. On Aug 08, Chief Executive Officer Biswas Sanjit sold 89,800 shares at $24.44 apiece. The transaction was valued at $2,194,901.
Valuation Metrics
The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 17.36, the price-to-book (PB) ratio of 13.35.
Financial Health
In the three months ended April 29, Samsara Inc.’s quick ratio stood at 2.10, while its current ratio was 2.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.90% percent. In the year ended April 29, EBITDA margin amounted to -27.84%, whereas operating margins totaled -37.10%. Based on annual data, IOT earned $469.89 million in gross profit and brought in $652.54 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 -28.00%. Return on equity (ROE) for the past 12 months was -26.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IOT’s revenue rose 30.18% during the quarter, while net income inched up to $204.32 million. While analysts expected Samsara Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$72.34 million in EBITDA. The liabilities of Samsara Inc. were 675.95 million at the end of its most recent quarter ended April 29, and its total debt was $105.38 million. The value of shareholders’ equity is $528.53 million.
Technical Picture
This quick technical analysis looks at Samsara Inc.’s (IOT) price momentum. With a historical volatility rate of 23.20%, the RSI 9-day stood at 29.30% on 16 August.
With respect to its five-day moving average, the current Samsara Inc. price is down by -1.64% percent or -$0.39. At present, IOT shares trade -18.35% below its 20-day simple moving average and +28.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.15% below its SMA50 and +90.23% above its SMA200.
Stochastic coefficient K was 8.55% and Stochastic coefficient D was 9.75%, while ATR was 1.04. Given the Stochastic reading of 2.44% for the 14-day period, the RSI (14) reading has been calculated as 35.48%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -1.59.
Analyst Ratings
Truist launched its rating on Samsara Inc. (NYSE: IOT) to a Hold in a note to investors on April 21, 2023. Samsara Inc. (IOT) has been rated Overweight by analysts. According to 0 brokerage firms, IOT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Samsara Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $29.00, the current consensus forecast for the stock is $20.00 – $33.00. Based on these forecasts, analysts predict Samsara Inc. (IOT) will achieve an average price target of $27.83.
