Smartsheet Inc. (NYSE:SMAR) went up by 4.83% from its latest closing price compared to the recent 1-year high of $80.89. The company’s stock price has collected -4.19% of loss 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 1.25. Opinions of the stock are interesting as 17 analysts out of 21 who provided ratings for Smartsheet Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $44.87, which is $16.05 above the current price. SMAR currently public float of 126.58M and currently shorts hold a 2.51% ratio of that float. Today, the average trading volume of SMAR was 1.54M shares.
SMAR’s Market Performance
SMAR stocks went down by -4.19% for the week, with a monthly drop of -16.54% and a quarterly performance of -17.74%, while its annual performance rate touched -53.79%. The volatility ratio for the week stands at 4.79% while the volatility levels for the past 30 days are set at 6.57% for Smartsheet Inc. The simple moving average for the period of the last 20 days is -4.56% for SMAR stocks with a simple moving average of -26.58% for the last 200 days.
Analysts’ Opinion of SMAR
Many brokerage firms have already submitted their reports for SMAR stocks, with KeyBanc Capital Markets repeating the rating for SMAR by listing it as a “Overweight.” The predicted price for SMAR in the upcoming period, according to KeyBanc Capital Markets is $46 based on the research report published on October 13th of the current year 2022.
Credit Suisse, on the other hand, stated in their research note that they expect to see SMAR reach a price target of $40. The rating they have provided for SMAR stocks is “Neutral” according to the report published on September 23rd, 2022.
MoffettNathanson gave a rating of “Outperform” to SMAR, setting the target price at $50 in the report published on September 22nd of the current year.
SMAR Trading at -11.30% 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 -64.06% of loss for the given period.
Volatility was left at 6.57%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares sank -15.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.26% lower at present.
During the last 5 trading sessions, SMAR fell by -4.19%, which changed the moving average for the period of 200-days by -53.67% in comparison to the 20-day moving average, which settled at $30.20. In addition, Smartsheet Inc. saw -62.47% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SMAR starting from Marshall Jolene Lau, who sale 6,001 shares at the price of $31.45 back on Nov 16. After this action, Marshall Jolene Lau now owns 12,501 shares of Smartsheet Inc., valued at $188,731 using the latest closing price.
Marshall Jolene Lau, the Chief Legal Officer of Smartsheet Inc., sale 6,000 shares at $30.90 during a trade that took place back on Nov 04, which means that Marshall Jolene Lau is holding 12,501 shares at $185,400 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 -45.20, with -22.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.