Samsara Inc (NYSE:IOT) saw an upside of 2.08% to close Monday at $23.61 after adding $0.48 on the day. The 5-day average trading volume is 4,048,800 shares of the company’s common stock. It has gained $27.36 in the past week and touched a new high 2 times within the past 5 days. An average of 4,308,790 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,032,786.
IOT’s 1-month performance is -5.67% or -$1.65 on its low of $22.70 reached on 09/25/23. The company’s shares have touched a 52-week low of $8.42 and high of $32.41, with the stock’s rally to the 52-week high happening on 09/06/23. YTD, IOT has achieved 89.94% or $11.18 and has reached a new high 30 times. However, the current price is down -27.15% from the 52-week high price.
Insider Transactions
IOT stock investors last saw insider trading activity on Sep 20.Biswas Sanjit (Chief Executive Officer) most recently sold 125,223 shares at $26.43 per share on Sep 20. This transaction cost the insider $3,309,128., Bicket John, sold 82,628 shares at a price of $26.71 on Sep 20. Then, on Sep 19, Chief Accounting Officer Munk James Andrew sold 2,339 shares at a price of $26.58 per share. This transaction amounted to $62,162.
Valuation Metrics
IOT stock has a beta of 1.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.19 while the price-to-book (PB) in the most recent quarter is 13.49.
Samsara Inc’s quick ratio for the period ended July 30 was 1.80, with the current ratio over the same period at 1.84. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.10, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 72.41%. The trailing 12-month EBITDA margin is -27.84% while for the period ending July 30, Samsara Inc’s operating margin was -34.50%. The firm’s gross profit as reported stood at $469.89 million against revenue of $652.54 million.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -7.19% to -$59.97 million, while revenue of -$67.86 million was -13.16% off the previous quarter. Analysts expected IOT to announce -$0.02 per share in earnings in its latest quarter, but it posted $0.01, representing a 150.00% surprise. EBITDA for the quarter stood at more than -$66.05 million. IOT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 706.26 million, with total debt at $105.89 million. Shareholders hold equity totaling $534.95 million.
Let’s look briefly at Samsara Inc (IOT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 26.34% to suggest the stock is trending oversold, with historical volatility in this time period at 37.48%.
The stock’s 5-day moving average is $24.53, reflecting a -13.99% or -$3.84 change from its current price. IOT is currently trading -6.53% above its 20-day SMA, +37.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.39% and SMA200 by+102.31%.
Stochastic %K and %D was 3.96% and 4.20% and the average true range (ATR) pointed at 1.45. The RSI (14) points at 33.93%, while the 14-day stochastic is at 9.37% with the period’s ATR at 1.42. The stock’s 9-day MACD Oscillator is pointing at -2.86 and -4.48 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Samsara Inc (NYSE: IOT), Truist launched coverage with a Hold rating. Analysts offering their rating for IOT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IOT as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is IOT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $34.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Samsara Inc (IOT) stock is $29.82.
