Smartsheet Inc. (NYSE:SMAR) finished Friday with an addition of $0.77 to close at $40.02, an upside of 1.96 percent. An average of 1,002,200 shares of common stock have been traded in the last five days. There was a gain of $0.24 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,059,320 shares traded, while the 50-day average volume stands at 1,306,640.
SMAR stock has decreased by -4.03% in the last month. The company shares reached their 1-month lowest point of $38.12 on 08/18/23. With the stock rallying to its 52-week high on 06/07/23, shares of the company touched a low of $25.09 and a high of $52.81 in 52 weeks. It has reached a new high 14 times so far this year and achieved 1.68% or $0.66 in price. In spite of this, the price is down -24.22% 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 102 days ago on Jun 13. In this transaction, the insider spent $46,570. Chief Revenue Officer, Arntz Michael, disposed of 7,961 shares at a price of $47.72 on Mar 31. The insider now owns more than $379,899 worth of shares. Prior to that, Chief Legal Officer Marshall Jolene Lau went on to Sale 4,000 shares at $48.04 each on Mar 24. An amount of $192,160 was transacted.
Valuation Metrics
Smartsheet Inc. (SMAR) stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.46, the price-to-book (PB) ratio at 10.45, and the price-to-cash flow ratio at 105.34.
Financial Health
The quick ratio of Smartsheet Inc. for the three months ended April 29 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 April 29. Smartsheet Inc.’s EBITDA margin for the year ending April 29 is -24.12%, while its operating margin for the same period stands at -22.50%. Its gross profit as reported stood at $601.63 million compared to revenue of $766.91 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 -16.60%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$29.87 million in the quarter, while revenues of -$42.73 million were shrunk -135.89%. The analyst consensus anticipated Smartsheet Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.18, a 157.10% surprise. For the quarter, EBITDA amounted to -$16.3 million. Shareholders own equity worth $133.61 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 25 August was 46.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.37%.
As of today, SMAR’s price is $39.89 +0.60% or $0.24 from its 5-day moving average. SMAR is currently trading -7.30% lower than its 20-day SMA and -14.87% lower than its 100-day SMA. However, the stock’s current price level is -2.70% below the SMA50 and +53.98% above the SMA200.
The stochastic %K and %D were 39.49% and 37.74%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 49.87% and the average true range at 1.46, the RSI (14) stands at 46.44%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
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. The consensus rating for Smartsheet Inc. (SMAR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SMAR, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 17 others rate it as a “buy”.
