The 36-month beta value for SMAR is at 0.76. 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.”
The public float for SMAR is 131.90M, and currently, shorts hold a 1.82% of that float. The average trading volume for SMAR on May 09, 2024 was 1.67M shares.
SMAR) stock’s latest price update
The stock price of Smartsheet Inc (NYSE: SMAR) has dropped by -1.94 compared to previous close of 39.65. Despite this, the company has seen a gain of 1.04% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Investors with an interest in Internet – Software stocks have likely encountered both Bumble Inc. (BMBL) and Smartsheet (SMAR). But which of these two companies is the best option for those looking for undervalued stocks?
SMAR’s Market Performance
Smartsheet Inc (SMAR) has seen a 1.04% rise in stock performance for the week, with a -1.92% decline in the past month and a -14.62% plunge in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 2.55% for SMAR. The simple moving average for the past 20 days is 2.13% for SMAR’s stock, with a -7.34% simple moving average for the past 200 days.
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 -0.92% 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 -26.38% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +1.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.39% lower at present.
During the last 5 trading sessions, SMAR rose by +1.04%, which changed the moving average for the period of 200-days by -6.72% in comparison to the 20-day moving average, which settled at $38.09. In addition, Smartsheet Inc saw -18.70% 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 5.34. 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.
