Smartsheet Inc. (NYSE:SMAR) saw an upside of 1.12% to close Friday at $39.78 after adding $0.44 on the day. The 5-day average trading volume is 1,273,140 shares of the company’s common stock. It has gained $40.67 in the past week and touched a new high 1 time within the past 5 days. An average of 1,075,220 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,681,996.
SMAR’s 1-month performance is -4.97% or -$3.32 on its low of $38.12 reached on 08/18/23. The company’s shares have touched a 52-week low of $25.09 and high of $52.81, with the stock’s rally to the 52-week high happening on 06/07/23. YTD, SMAR has achieved 1.07% or $0.42 and has reached a new high 14 times. However, the current price is down -24.68% from the 52-week high price.
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Insider Transactions
SMAR stock investors last saw insider trading activity on Jun 13.Marshall Jolene Lau (Chief Legal Officer) most recently sold 1,051 shares at $44.31 per share on May 16. This transaction cost the insider $46,570. Chief Revenue Officer, Arntz Michael, sold 7,961 shares at a price of $47.72 on Mar 31. Then, on Mar 24, Chief Legal Officer Marshall Jolene Lau sold 4,000 shares at a price of $48.04 per share. This transaction amounted to $192,160.
Valuation Metrics
SMAR stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.42 while the price-to-book (PB) in the most recent quarter is 10.39, with the price to cash flow ratio at 104.70.
Smartsheet Inc.’s quick ratio for the period ended April 29 was 1.30, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 78.70%. The trailing 12-month EBITDA margin is -24.12% while for the period ending April 29, Smartsheet Inc.’s operating margin was -22.50%. The firm’s gross profit as reported stood at $601.63 million against revenue of $766.91 million.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -135.89% to -$29.87 million, while revenue of -$42.73 million was -43.05% off the previous quarter. Analysts expected SMAR to announce $0.07 per share in earnings in its latest quarter, but it posted $0.18, representing a 157.10% surprise. EBITDA for the quarter stood at more than -$16.3 million. SMAR stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 601.99 million, with total debt at $62.67 million. Shareholders hold equity totaling $133.61 million.
Let’s look briefly at Smartsheet Inc. (SMAR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 41.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.17%.
The stock’s 5-day moving average is $39.94, reflecting a -0.38% or -$0.15 change from its current price. SMAR is currently trading -5.15% above its 20-day SMA, -14.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.82% and SMA200 by+13.92%.
Stochastic %K and %D was 15.20% and 13.98% and the average true range (ATR) pointed at 1.48. The RSI (14) points at 43.63%, while the 14-day stochastic is at 26.54% with the period’s ATR at 1.54. The stock’s 9-day MACD Oscillator is pointing at -0.28 and -1.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Smartsheet Inc. (NYSE: SMAR), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for SMAR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SMAR as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 17 have offered a “buy” rating.
What is SMAR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $60.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Smartsheet Inc. (SMAR) stock is $50.97.
