Analyzing the Price-to-Earnings Ratio of Smartsheet Inc (SMAR)

BLFR

The 36-month beta value for SMAR is also noteworthy at 0.74. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for SMAR is 131.66M, and at present, short sellers hold a 1.69% of that float. The average trading volume of SMAR on July 11, 2024 was 1.48M shares.

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SMAR) stock’s latest price update

Smartsheet Inc (NYSE: SMAR) has experienced a rise in its stock price by 0.65 compared to its previous closing price of 42.95. However, the company has seen a fall of -2.00% in its stock price over the last five trading days. zacks.com reported 2024-07-10 that Smartsheet (SMAR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

SMAR’s Market Performance

Smartsheet Inc (SMAR) has seen a -2.00% fall in stock performance for the week, with a -2.39% decline in the past month and a 9.06% surge in the past quarter. The volatility ratio for the week is 2.37%, 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 0.75% for SMAR’s stock, with a 2.97% 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 5.39% 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 -12.53% of loss for the given period.

Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.93% upper at present.

During the last 5 trading sessions, SMAR fell by -2.00%, which changed the moving average for the period of 200-days by +8.32% in comparison to the 20-day moving average, which settled at $42.90. In addition, Smartsheet Inc saw -9.60% 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 Marshall Jolene Lau, who sale 3,994 shares at the price of $43.11 back on Jul 05 ’24. After this action, Marshall Jolene Lau now owns 16,567 shares of Smartsheet Inc, valued at $172,181 using the latest closing price.

Branstetter Stephen Robert, the Chief Operating Officer of Smartsheet Inc, sale 4,272 shares at $44.42 during a trade that took place back on Jun 28 ’24, which means that Branstetter Stephen Robert is holding 63,795 shares at $189,762 based on the most recent closing price.

Stock Fundamentals for SMAR

Current profitability levels for the company are sitting at:

  • -0.1 for the present operating margin
  • 0.81 for the gross margin

The net margin for Smartsheet Inc stands at -0.08. The total capital return value is set at -0.15. Equity return is now at value -14.63, with -6.89 for asset returns.

Based on Smartsheet Inc (SMAR), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 3.77. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -21.2.

Currently, EBITDA for the company is -94.41 million with net debt to EBITDA at 3.65. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 6.3for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.

Conclusion

In summary, Smartsheet Inc (SMAR) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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