A share price of Smartsheet Inc [SMAR] is currently trading at $37.70, up 3.06%. 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 lost -1.80% over the last week, with a monthly amount drifted -2.46%, and not seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $35.52 and $52.81. Currently, Wall Street analysts expect the stock to reach $55.64 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $37.70 at the most recent close of the market. An investor can expect a potential return of 47.59% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
Trailing Twelve Months sales for Smartsheet Inc [NYSE:SMAR] were 958.34M which represents 21.01% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 37.08 points at the first support level, and at 36.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.12, and for the 2nd resistance point, it is at 38.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Smartsheet Inc [NYSE:SMAR] is 1.34. In addition, the Quick Ratio stands at 1.34 and the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 5.41, the price to book ratio is 8.52.
Transactions by insiders
Recent insider trading involved Godbole Pete, CFO & Treasurer, that happened on Apr 11 ’24 when 10129.0 shares were sold. Chief Operating Officer, Branstetter Stephen Robert completed a deal on Mar 27 ’24 to sell 5737.0 shares. Meanwhile, Chief Revenue Officer Arntz Michael sold 7702.0 shares on Mar 22 ’24.
