A share price of Smartsheet Inc [SMAR] is currently trading at $43.00, up 1.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SMAR shares have gain 2.28% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.
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On 8, February 2024, Smartsheet to Announce Fourth Quarter and Full Fiscal Year 2024 Financial Results on March 14, 2024. In a post published today on Yahoo Finance, Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its fourth quarter and full fiscal year 2024, which ended January 31, 2024, after the close of U.S. financial markets on March 14, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com.
From an analyst’s perspective:
Smartsheet Inc [NYSE: SMAR] stock has seen the most recent analyst activity on February 26, 2024, when BofA Securities initiated its Underperform rating and assigned the stock a price target of $45. Previously, Citigroup upgraded its rating to Buy on January 11, 2024, and elevated its price target to $63. BMO Capital Markets reiterated its Outperform rating and increased its price target to $52 on December 08, 2023. UBS initiated its recommendation with a Buy and recommended $60 as its price target on October 12, 2023. Barclays started tracking with a Equal Weight rating for this stock on December 15, 2022, and assigned it a price target of $45. In a note dated October 13, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $46 on this stock.
Smartsheet Inc experienced fluctuations in its stock price throughout the past year between $37.09 and $52.81. Currently, Wall Street analysts expect the stock to reach $55.25 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $43.00 at the most recent close of the market. An investor can expect a potential return of 28.49% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
Trailing Twelve Months sales for Smartsheet Inc [NYSE:SMAR] were 913.73M which represents 23.22% growth. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.26 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.83 points at the first support level, and at 40.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.70, and for the 2nd resistance point, it is at 44.41.
Smartsheet Inc [SMAR] reported earnings per share of $0.16 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0.07 and a surprise factor of 77.80%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.16 per share as compared to estimates of $0.07 per share, a difference of $0.09 representing a surprise of 128.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Smartsheet Inc [NYSE:SMAR] is 1.32. In addition, the Quick Ratio stands at 1.32 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 6.41, the price to book ratio is 10.47.
Transactions by insiders
Recent insider trading involved Arntz Michael, Chief Revenue Officer, that happened on Feb 02 when 225.0 shares were sold. Chief Revenue Officer, Arntz Michael completed a deal on Feb 01 to sell 7572.0 shares. Meanwhile, Chief Legal Officer Marshall Jolene Lau sold 2247.0 shares on Feb 01.
