The 36-month beta value for SMWB is also noteworthy at 0.98. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SMWB is 42.16M, and at present, short sellers hold a 0.73% of that float. The average trading volume of SMWB on December 20, 2024 was 372.65K shares.
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SMWB) stock’s latest price update
Similarweb Ltd (NYSE: SMWB)’s stock price has plunge by 2.93relation to previous closing price of 13.67. Nevertheless, the company has seen a 8.23% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-12-11 that Goldman Sachs analyst Adam Hotchkiss initiated coverage on Similarweb Ltd SMWB with a Buy rating and a price target of $16.
SMWB’s Market Performance
Similarweb Ltd (SMWB) has seen a 8.23% rise in stock performance for the week, with a 18.24% gain in the past month and a 62.10% surge in the past quarter. The volatility ratio for the week is 5.87%, and the volatility levels for the past 30 days are at 5.05% for SMWB. The simple moving average for the last 20 days is 9.55% for SMWB stock, with a simple moving average of 60.96% for the last 200 days.
Analysts’ Opinion of SMWB
Many brokerage firms have already submitted their reports for SMWB stocks, with Goldman repeating the rating for SMWB by listing it as a “Buy.” The predicted price for SMWB in the upcoming period, according to Goldman is $16 based on the research report published on December 11, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see SMWB reach a price target of $11. The rating they have provided for SMWB stocks is “Buy” according to the report published on October 21st, 2024.
Northland Capital gave a rating of “Outperform” to SMWB, setting the target price at $15 in the report published on September 10th of the current year.
SMWB Trading at 28.83% 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 -0.85% of loss for the given period.
Volatility was left at 5.05%, however, over the last 30 days, the volatility rate increased by 5.87%, as shares surge +15.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +62.47% upper at present.
During the last 5 trading sessions, SMWB rose by +8.23%, which changed the moving average for the period of 200-days by +51.62% in comparison to the 20-day moving average, which settled at $12.84. In addition, Similarweb Ltd saw 163.98% 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 170,648 shares at the price of $13.48 back on Dec 18 ’24. After this action, Offer Or now owns shares of Similarweb Ltd, valued at $2,300,335 using the latest closing price.
VIOLA GROWTH II (A) L.P., the Affiliate of Similarweb Ltd, proposed sale 2,567 shares at $13.51 during a trade that took place back on Dec 17 ’24, which means that VIOLA GROWTH II (A) L.P. is holding shares at $34,670 based on the most recent closing price.
Stock Fundamentals for SMWB
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.79 for the gross margin
The net margin for Similarweb Ltd stands at -0.04. The total capital return value is set at -0.1. Equity return is now at value -49.24, with -4.25 for asset returns.
Currently, EBITDA for the company is -18.55 million with net debt to EBITDA at -4.52. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 6.79for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In summary, Similarweb Ltd (SMWB) has had a better 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.
