In the past week, SMWB stock has gone down by -8.92%, with a monthly decline of -11.56% and a quarterly surge of 41.39%. The volatility ratio for the week is 4.18%, and the volatility levels for the last 30 days are 4.55% for Similarweb Ltd The simple moving average for the past 20 days is -10.40% for SMWB’s stock, with a 22.97% simple moving average for the past 200 days.
Is It Worth Investing in Similarweb Ltd (NYSE: SMWB) Right Now?
SMWB has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMWB is 31.82M, and currently, short sellers hold a 0.55% ratio of that float. The average trading volume of SMWB on April 12, 2024 was 195.54K shares.
SMWB) stock’s latest price update
The stock of Similarweb Ltd (NYSE: SMWB) has decreased by -4.33 when compared to last closing price of 8.32.Despite this, the company has seen a loss of -8.92% in its stock price over the last five trading days. Business Wire reported 2024-01-30 that TEL AVIV, Israel–(BUSINESS WIRE)–Similarweb Ltd. (NYSE: SMWB), a leading digital data and web analytics company, today announced it will release fourth quarter and fiscal year 2023 financial results for the period ended December 31, 2023, on Tuesday, February 13, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, February 14, 2023, at 8:30 a.m. EST to discuss the Company’s business and financial results. A live web.
Analysts’ Opinion of SMWB
Many brokerage firms have already submitted their reports for SMWB stocks, with Citigroup repeating the rating for SMWB by listing it as a “Buy.” The predicted price for SMWB in the upcoming period, according to Citigroup is $10 based on the research report published on February 15, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SMWB reach a price target of $10. The rating they have provided for SMWB stocks is “Buy” according to the report published on February 07th, 2024.
Citigroup gave a rating of “Neutral” to SMWB, setting the target price at $7 in the report published on January 12th of the previous year.
SMWB Trading at -3.18% from the 50-Day Moving Average
After a stumble in the market that brought SMWB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.44% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -13.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.75% upper at present.
During the last 5 trading sessions, SMWB fell by -8.92%, which changed the moving average for the period of 200-days by +24.76% in comparison to the 20-day moving average, which settled at $8.82. In addition, Similarweb Ltd saw 49.34% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SMWB
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.78 for the gross margin
The net margin for Similarweb Ltd stands at -0.13. The total capital return value is set at -0.53. Equity return is now at value -156.66, with -12.11 for asset returns.
Based on Similarweb Ltd (SMWB), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 4.34. The interest coverage ratio of the stock is -39.46.
Currently, EBITDA for the company is -5.92 million with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 4.42for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To put it simply, Similarweb Ltd (SMWB) has had a mixed 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.
