In the past week, SMAR stock has gone up by 4.25%, with a monthly decline of -4.39% and a quarterly surge of 6.74%. The volatility ratio for the week is 2.97%, and the volatility levels for the last 30 days are 3.86% for Smartsheet Inc The simple moving average for the last 20 days is 4.64% for SMAR’s stock, with a simple moving average of -1.11% for the last 200 days.
Is It Worth Investing in Smartsheet Inc (NYSE: SMAR) Right Now?
compared to its average ratio and a 36-month beta value of 0.87. Analysts have mixed views on the stock, with 17 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Smartsheet Inc (SMAR) is $53.89, which is $11.9 above the current market price. The public float for SMAR is 129.16M, and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of SMAR on November 16, 2023 was 1.36M shares.
SMAR) stock’s latest price update
Smartsheet Inc (NYSE: SMAR)’s stock price has gone decline by -1.64 in comparison to its previous close of 42.69, however, the company has experienced a 4.25% increase in its stock price over the last five trading days. Zacks Investment Research reported 2023-10-26 that GRPN, NRIX, RNLX, ABCL and SMAR have been added to the Zacks Rank #1 (Strong Buy) List on October 26, 2023.
Analysts’ Opinion of SMAR
Many brokerage firms have already submitted their reports for SMAR stocks, with UBS repeating the rating for SMAR by listing it as a “Buy.” The predicted price for SMAR in the upcoming period, according to UBS is $60 based on the research report published on October 12, 2023 of the current year 2023.
SMAR Trading at 2.67% 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 -20.49% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.17% upper at present.
During the last 5 trading sessions, SMAR rose by +4.25%, which changed the moving average for the period of 200-days by -2.82% in comparison to the 20-day moving average, which settled at $40.09. In addition, Smartsheet Inc saw 6.68% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SMAR starting from Arntz Michael, who sale 991 shares at the price of $40.70 back on Nov 07. After this action, Arntz Michael now owns 643 shares of Smartsheet Inc, valued at $40,333 using the latest closing price.
Arntz Michael, the Chief Revenue Officer of Smartsheet Inc, sale 53 shares at $40.00 during a trade that took place back on Nov 03, which means that Arntz Michael is holding 643 shares at $2,120 based on the most recent closing price.
Stock Fundamentals for SMAR
Current profitability levels for the company are sitting at:
- -29.71 for the present operating margin
- +78.45 for the gross margin
The net margin for Smartsheet Inc stands at -28.12. The total capital return value is set at -40.21, while invested capital returns managed to touch -39.34. Equity return is now at value -28.82, with -13.55 for asset returns.
Based on Smartsheet Inc (SMAR), the company’s capital structure generated 13.75 points at debt to equity in total, while total debt to capital is 12.09. Total debt to assets is 6.02, with long-term debt to equity ratio resting at 9.79. Finally, the long-term debt to capital ratio is 8.61.
When we switch over and look at the enterprise to sales, we see a ratio of 6.20, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 4.32 and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
To put it simply, Smartsheet Inc (SMAR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.