The stock of Smartsheet Inc (SMAR) has seen a -7.72% decrease in the past week, with a -2.51% drop in the past month, and a -23.52% decrease in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.60% for SMAR. The simple moving average for the last 20 days is -5.05% for SMAR stock, with a simple moving average of -13.21% for the last 200 days.
Is It Worth Investing in Smartsheet Inc (NYSE: SMAR) Right Now?
Moreover, the 36-month beta value for SMAR is 0.73. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMAR is 131.66M and currently, short sellers hold a 1.79% of that float. On April 17, 2024, SMAR’s average trading volume was 1.63M shares.
SMAR) stock’s latest price update
Smartsheet Inc (NYSE: SMAR)’s stock price has decreased by -0.35 compared to its previous closing price of 36.71. However, the company has seen a -7.72% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that The average of price targets set by Wall Street analysts indicates a potential upside of 33.1% in Smartsheet (SMAR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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 -11.39% 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 -30.74% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.87% lower at present.
During the last 5 trading sessions, SMAR fell by -7.72%, which changed the moving average for the period of 200-days by -3.81% in comparison to the 20-day moving average, which settled at $38.42. In addition, Smartsheet Inc saw -23.50% 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 Godbole Pete, who sale 10,129 shares at the price of $38.67 back on Apr 11 ’24. After this action, Godbole Pete now owns 44,346 shares of Smartsheet Inc, valued at $391,688 using the latest closing price.
Branstetter Stephen Robert, the Chief Operating Officer of Smartsheet Inc, sale 5,737 shares at $38.22 during a trade that took place back on Mar 27 ’24, which means that Branstetter Stephen Robert is holding 67,801 shares at $219,268 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 5.0. 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
To wrap up, the performance of Smartsheet Inc (SMAR) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
