Smartsheet Inc [SMAR] stock is trading at $38.39, down -3.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMAR shares have gain 0.63% over the last week, with a monthly amount drifted -8.27%, and not seem to be holding up well over a long-time horizon.
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On 22, March 2024, Smartsheet Names Katie Rooney to Board of Directors. In a post published today on Yahoo Finance, Experienced global CFO adds depth in financial strategy and operating excellence to Smartsheet board.
From an analyst’s perspective:
Previously, BMO Capital Markets reaffirmed its Outperform rating on March 11, 2024, and dropped its price target to $48. On February 26, 2024, BofA Securities initiated with a Underperform rating and assigned a price target of $45 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $63 on January 11, 2024. BMO Capital Markets reiterated a Outperform rating for this stock on December 08, 2023, and upped its price target to $52. In a note dated October 12, 2023, UBS initiated an Buy rating and provided a target price of $60 on this stock.
Smartsheet Inc [SMAR] stock has fluctuated between $35.52 and $52.81 over the past year. Currently, Wall Street analysts expect the stock to reach $55.64 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $38.39 at the most recent close of the market. An investor can expect a potential return of 44.93% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
Smartsheet Inc [NYSE:SMAR] reported sales of 958.34M for the trailing twelve months, which represents a growth of 21.01%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.19 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 37.87 points at the first support level, and at 37.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.91, and for the 2nd resistance point, it is at 39.43.
Smartsheet Inc [SMAR] reported earnings per share of $0.34 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.16 and a surprise factor of 88.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.16 per share as compared to estimates of $0.09 per share, a difference of $0.07 representing a surprise of 77.80%.
Ratios To Look Out For
For context, Smartsheet Inc’s Current Ratio is 1.34. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 5.50, the price to book ratio is 8.67.
Transactions by insiders
Recent insider trading involved Branstetter Stephen Robert, Chief Operating Officer, that happened on Mar 27 ’24 when 5737.0 shares were sold. Chief Revenue Officer, Arntz Michael completed a deal on Mar 22 ’24 to sell 7702.0 shares. Meanwhile, Chief Revenue Officer Arntz Michael sold 225.0 shares on Feb 02 ’24.
