Make Informed Decisions with Smartsheet Inc (SMAR) Stock Updates

The stock of Smartsheet Inc (SMAR) has seen a -0.84% decrease in the past week, with a -9.88% drop in the past month, and a -18.97% decrease in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.36% for SMAR. The simple moving average for the past 20 days is -3.06% for SMAR’s stock, with a -8.21% simple moving average for the past 200 days.

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

The 36-month beta value for SMAR is at 0.73. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for SMAR is 131.61M, and currently, shorts hold a 2.12% of that float. The average trading volume for SMAR on April 03, 2024 was 1.54M shares.

SMAR) stock’s latest price update

Smartsheet Inc (NYSE: SMAR) has seen a rise in its stock price by 0.91 in relation to its previous close of 38.40. However, the company has experienced a -0.84% decline in its stock price over the last five trading sessions. MarketBeat reported 2024-03-25 that Every earnings season comes with its winners and losers. In most cases, an actual earnings beat doesn’t matter as much as the forward guidance.

Analysts’ Opinion of SMAR

BMO Capital Markets, on the other hand, stated in their research note that they expect to see SMAR reach a price target of $48, previously predicting the price at $52. The rating they have provided for SMAR stocks is “Outperform” according to the report published on March 11th, 2024.

BofA Securities gave a rating of “Underperform” to SMAR, setting the target price at $45 in the report published on February 26th of the current year.

SMAR Trading at -9.54% 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 -26.63% of loss for the given period.

Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -10.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.03% lower at present.

During the last 5 trading sessions, SMAR fell by -0.84%, which changed the moving average for the period of 200-days by -5.79% in comparison to the 20-day moving average, which settled at $39.73. In addition, Smartsheet Inc saw -18.97% 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 Branstetter Stephen Robert, who sale 5,737 shares at the price of $38.22 back on Mar 27 ’24. After this action, Branstetter Stephen Robert now owns 67,801 shares of Smartsheet Inc, valued at $219,268 using the latest closing price.

Arntz Michael, the Chief Revenue Officer of Smartsheet Inc, sale 7,702 shares at $39.44 during a trade that took place back on Mar 22 ’24, which means that Arntz Michael is holding 12,718 shares at $303,767 based on the most recent closing price.

Stock Fundamentals for SMAR

Current profitability levels for the company are sitting at:

  • -0.13 for the present operating margin
  • 0.81 for the gross margin

The net margin for Smartsheet Inc stands at -0.11. The total capital return value is set at -0.19. Equity return is now at value -19.17, with -8.55 for asset returns.

Based on Smartsheet Inc (SMAR), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 3.17. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 25.69.

Currently, EBITDA for the company is -94.41 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 5.31. The receivables turnover for the company is 3.99for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

Conclusion

In conclusion, Smartsheet Inc (SMAR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.

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