As of Wednesday close, Samsara Inc.’s (NYSE:IOT) stock was down -$1.93, moving down -7.11 percent to $25.22. The average number of shares traded per day over the past five days has been 5,076,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.10 fall in that time frame. In the last twenty days, the average volume was 4,228,900, while in the previous 50 days, it was 2,995,922.
Since last month, IOT stock rose 6.28%. Shares of the company fell to $23.23 on 08/21/23, the lowest level in the past month. A 52-week high of $32.41 was reached on 09/06/23 after having rallying from a 52-week low of $8.42. Since the beginning of this year, IOT’s stock price has risen by 102.90% or $12.79, and marked a new high 30 times. However, the stock has declined by -22.18% 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 2 days ago on Sep 19. Munk James Andrew, the Chief Accounting Officer of the company, disposed of 2,339 shares for $26.58 on Sep 19. It resulted in a $62,162 divestment by the insider. Biswas Sanjit sold 140,364 shares at an average price of $27.23 on Sep 15. The insider now owns 1,687,163 shares following the transaction. On Sep 15, Phillips Dominic sold 122,622 shares at $27.24 apiece. The transaction was valued at $3,340,071.
Valuation Metrics
The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 17.84, the price-to-book (PB) ratio of 14.33.
Financial Health
In the three months ended July 30, Samsara Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 72.40% percent. In the year ended July 30, EBITDA margin amounted to -27.84%, whereas operating margins totaled -34.50%. 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 -25.70%.
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 29.7% to $204.32 million during the quarter, while net income inched up to $218.39 million. While analysts expected Samsara Inc. to report -$0.02 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated -$66.05 million in EBITDA. The liabilities of Samsara Inc. were 706.26 million at the end of its most recent quarter ended July 30, and its total debt was $105.89 million. The value of shareholders’ equity is $534.95 million.
Technical Picture
This quick technical analysis looks at Samsara Inc.’s (IOT) price momentum. With a historical volatility rate of 29.01%, the RSI 9-day stood at 28.20% on 20 September.
With respect to its five-day moving average, the current Samsara Inc. price is down by -13.98% percent or -$4.10. At present, IOT shares trade +5.39% above its 20-day simple moving average and +32.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.79% below its SMA50 and +154.75% above its SMA200.
Stochastic coefficient K was 18.58% and Stochastic coefficient D was 32.26%, while ATR was 1.53. Given the Stochastic reading of 0.96% for the 14-day period, the RSI (14) reading has been calculated as 37.59%. As of today, the MACD Oscillator reading stands at -2.06, while the 14-day reading stands at -2.72.
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 6 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $25.00 – $34.00. Based on these forecasts, analysts predict Samsara Inc. (IOT) will achieve an average price target of $29.82.
