Samsara Inc (NYSE:IOT) finished Thursday with an addition of $0.09 to close at $25.00, an upside of 0.36 percent. An average of 3,024,580 shares of common stock have been traded in the last five days. There was a gain of $1.45 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 4,443,160 shares traded, while the 50-day average volume stands at 3,034,950.
IOT stock has decreased by -3.55% in the last month. The company shares reached their 1-month lowest point of $22.70 on 09/25/23. With the stock rallying to its 52-week high on 09/06/23, shares of the company touched a low of $8.42 and a high of $32.41 in 52 weeks. It has reached a new high 30 times so far this year and achieved 101.13% or $12.57 in price. In spite of this, the price is down -22.86% from the 52-week high.
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Insider Transactions
IOT stock investors should be aware that Samsara Inc (IOT) stock had its last reported insider trading activity 2 days ago on Sep 27. In this transaction, the insider spent $409,778. Chief Executive Officer, Biswas Sanjit, disposed of 16,314 shares at a price of $24.31 on Sep 27. The insider now owns more than $396,657 worth of shares. Prior to that, Chief Executive Officer Biswas Sanjit went on to Sale 73,486 shares at $23.37 each on Sep 26. An amount of $1,717,199 was transacted.
Valuation Metrics
Samsara Inc (IOT) stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.15, the price-to-book (PB) ratio at 14.28.
Financial Health
The quick ratio of Samsara Inc for the three months ended July 30 was 1.80, and the current ratio was 1.84, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.11 for the quarter ending July 30. Samsara Inc’s EBITDA margin for the year ending July 30 is -27.84%, while its operating margin for the same period stands at -34.50%. Its gross profit as reported stood at $469.89 million compared to revenue of $652.54 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$59.97 million in the quarter, while revenues of -$67.86 million were shrunk -7.19%. The analyst consensus anticipated Samsara Inc’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be $0.01, a 150.00% surprise. For the quarter, EBITDA amounted to -$66.05 million. Shareholders own equity worth $534.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Samsara Inc (IOT) price momentum. RSI 9-day as of the close on 28 September was 41.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.02%.
As of today, IOT’s price is $24.04 +6.16% or $1.45 from its 5-day moving average. IOT is currently trading -6.61% lower than its 20-day SMA and +38.66% higher than its 100-day SMA. However, the stock’s current price level is -12.62% below the SMA50 and +91.57% above the SMA200.
The stochastic %K and %D were 20.27% and 13.73%, respectively, and the average true range (ATR) was 1.32. With the 14-day stochastic at 27.05% and the average true range at 1.34, the RSI (14) stands at 42.79%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -2.03.
Analyst Ratings
Truist launched coverage on Samsara Inc (NYSE: IOT) in its analyst report released on April 21, 2023. The firm assigned the stock a Hold rating. The consensus rating for Samsara Inc (IOT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IOT, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is IOT’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $34.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Samsara Inc (IOT) stock is $29.82.
