The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMWB is 39.19M, and at present, short sellers hold a 0.21% of that float. On September 16, 2024, the average trading volume of SMWB was 189.96K shares.
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SMWB) stock’s latest price update
Similarweb Ltd (NYSE: SMWB) has experienced a decline in its stock price by -14.73 compared to its previous closing price of 9.57. However, the company has seen a fall of -8.62% in its stock price over the last five trading days. benzinga.com reported 2024-09-13 that U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.
SMWB’s Market Performance
SMWB’s stock has fallen by -8.62% in the past week, with a monthly rise of 2.13% and a quarterly rise of 3.82%. The volatility ratio for the week is 4.49% while the volatility levels for the last 30 days are 4.84% for Similarweb Ltd The simple moving average for the past 20 days is -9.25% for SMWB’s stock, with a 11.33% simple moving average for the past 200 days.
Analysts’ Opinion of SMWB
Many brokerage firms have already submitted their reports for SMWB stocks, with Northland Capital repeating the rating for SMWB by listing it as a “Outperform.” The predicted price for SMWB in the upcoming period, according to Northland Capital is $15 based on the research report published on September 10, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see SMWB reach a price target of $10, previously predicting the price at $6. The rating they have provided for SMWB stocks is “Buy” according to the report published on February 15th, 2024.
Jefferies gave a rating of “Buy” to SMWB, setting the target price at $10 in the report published on February 07th of the current year.
SMWB Trading at 5.11% 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 -16.39% of loss for the given period.
Volatility was left at 4.84%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.12% upper at present.
During the last 5 trading sessions, SMWB fell by -8.62%, which changed the moving average for the period of 200-days by +61.58% in comparison to the 20-day moving average, which settled at $8.99. In addition, Similarweb Ltd saw 53.10% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMWB starting from Offer Or, who proposed sale 465 shares at the price of $9.18 back on Aug 29 ’24. After this action, Offer Or now owns shares of Similarweb Ltd, valued at $4,269 using the latest closing price.
Offer Or, the Officer of Similarweb Ltd, proposed sale 10,000 shares at $9.49 during a trade that took place back on Aug 28 ’24, which means that Offer Or is holding shares at $94,900 based on the most recent closing price.
Stock Fundamentals for SMWB
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.79 for the gross margin
The net margin for Similarweb Ltd stands at -0.05. The total capital return value is set at -0.15. Equity return is now at value -65.65, with -5.23 for asset returns.
Based on Similarweb Ltd (SMWB), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is -4.32.
Currently, EBITDA for the company is -5.92 million with net debt to EBITDA at -25.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 5.99for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To sum up, Similarweb Ltd (SMWB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
