Smartsheet Inc (NYSE: SMAR)’s stock price has plunge by 0.07relation to previous closing price of 55.86. Nevertheless, the company has seen a 0.14% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Smartsheet Inc. (NYSE: SMAR) to funds managed by Blackstone and Vista Equity Partners. Under the terms of the proposed transaction, shareholders of Smartsheet will receive $56.50 in cash for each share of Smartsheet that they own. KSF is seeking to determine whether this consideration and the process that led.
Is It Worth Investing in Smartsheet Inc (NYSE: SMAR) Right Now?
Additionally, the 36-month beta value for SMAR is 0.72. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 17 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SMAR is 128.84M and currently, short sellers hold a 2.41% ratio of that float. The average trading volume of SMAR on November 19, 2024 was 3.98M shares.
SMAR’s Market Performance
SMAR’s stock has seen a 0.14% increase for the week, with a -0.04% drop in the past month and a 12.43% gain in the past quarter. The volatility ratio for the week is 0.25%, and the volatility levels for the past 30 days are at 0.32% for Smartsheet Inc The simple moving average for the past 20 days is -0.29% for SMAR’s stock, with a 21.80% 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 $59, previously predicting the price at $48. The rating they have provided for SMAR stocks is “Outperform” according to the report published on September 06th, 2024.
SMAR Trading at 1.49% 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 -1.15% of loss for the given period.
Volatility was left at 0.32%, however, over the last 30 days, the volatility rate increased by 0.25%, as shares surge +0.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.21% upper at present.
During the last 5 trading sessions, SMAR rose by +0.19%, which changed the moving average for the period of 200-days by +24.86% in comparison to the 20-day moving average, which settled at $56.07. In addition, Smartsheet Inc saw 16.90% 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 SMAR starting from Marshall Jolene Lau, who proposed sale 3,205 shares at the price of $55.92 back on Nov 15 ’24. After this action, Marshall Jolene Lau now owns shares of Smartsheet Inc, valued at $179,224 using the latest closing price.
MADER MARK PATRICK, the President and CEO of Smartsheet Inc, sale 5,000 shares at $56.05 during a trade that took place back on Nov 04 ’24, which means that MADER MARK PATRICK is holding 578,762 shares at $280,250 based on the most recent closing price.
Stock Fundamentals for SMAR
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.82 for the gross margin
The net margin for Smartsheet Inc stands at -0.04. The total capital return value is set at -0.1. Equity return is now at value -7.01, with -3.36 for asset returns.
Based on Smartsheet Inc (SMAR), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 11.32. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -15.29.
Currently, EBITDA for the company is -105.82 million with net debt to EBITDA at 8.29. When we switch over and look at the enterprise to sales, we see a ratio of 7.14. The receivables turnover for the company is 5.4for 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 1.45.
Conclusion
In conclusion, Smartsheet Inc (SMAR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
