Smartsheet Inc. (SMAR) Upgraded Issued by Wall Street Gurus – News Heater
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Smartsheet Inc. (SMAR) Upgraded Issued by Wall Street Gurus

Smartsheet Inc. (NYSE:SMAR) went up by 5.80% from its latest closing price compared to the recent 1-year high of $85.65. The company’s stock price has collected 1.60% of gains in the last five trading sessions. Barron’s reported on 06/08/22 that Smartsheet Stock Is Sliding, but Analysts Remain Bullish

Is It Worth Investing in Smartsheet Inc. (NYSE :SMAR) Right Now?

Plus, the 36-month beta value for SMAR is at 1.63. Opinions of the stock are interesting as 13 analysts out of 15 who provided ratings for Smartsheet Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $56.14, which is $26.23 above the current price. SMAR currently public float of 125.49M and currently shorts hold a 3.38% ratio of that float. Today, the average trading volume of SMAR was 1.90M shares.

SMAR’s Market Performance

SMAR stocks went up by 1.60% for the week, with a monthly drop of -18.48% and a quarterly performance of -43.65%, while its annual performance rate touched -58.04%. The volatility ratio for the week stands at 6.43% while the volatility levels for the past 30 days are set at 6.66% for Smartsheet Inc. The simple moving average for the period of the last 20 days is -13.56% for SMAR stocks with a simple moving average of -49.38% for the last 200 days.

Analysts’ Opinion of SMAR

Many brokerage firms have already submitted their reports for SMAR stocks, with Wells Fargo repeating the rating for SMAR by listing it as a “Overweight.” The predicted price for SMAR in the upcoming period, according to Wells Fargo is $95 based on the research report published on January 06th of the current year 2022.

DA Davidson, on the other hand, stated in their research note that they expect to see SMAR reach a price target of $100. The rating they have provided for SMAR stocks is “Buy” according to the report published on January 05th, 2022.

Jefferies gave a rating of “Buy” to SMAR, setting the target price at $85 in the report published on August 19th of the previous year.

SMAR Trading at -28.63% from the 50-Day Moving Average

After a stumble in the market that brought SMAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.08% of loss for the given period.

Volatility was left at 6.66%, however, over the last 30 days, the volatility rate increased by 6.43%, as shares sank -17.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.13% lower at present.

During the last 5 trading sessions, SMAR rose by +1.60%, which changed the moving average for the period of 200-days by -63.14% in comparison to the 20-day moving average, which settled at $34.28. In addition, Smartsheet Inc. saw -61.38% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SMAR starting from Arntz Michael, who sale 2,094 shares at the price of $50.04 back on May 04. After this action, Arntz Michael now owns 9,607 shares of Smartsheet Inc., valued at $104,775 using the latest closing price.

Arntz Michael, the Chief Revenue Officer of Smartsheet Inc., sale 6 shares at $50.00 during a trade that took place back on May 03, which means that Arntz Michael is holding 9,607 shares at $300 based on the most recent closing price.

Stock Fundamentals for SMAR

Current profitability levels for the company are sitting at:

  • -30.85 for the present operating margin
  • +78.86 for the gross margin

The net margin for Smartsheet Inc. stands at -31.06. Equity return is now at value -40.70, with -21.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.