Smartsheet Inc (SMAR)’s latest quarter sales figures and margins explained

Smartsheet Inc [SMAR] stock prices are up 1.67% to $40.87 at the moment. 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 3.08% over the last week, with a monthly amount glided 11.33%, and 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.

The stock price of Smartsheet Inc [SMAR] has been fluctuating 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 $40.87 at the most recent close of the market. An investor can expect a potential return of 36.14% based on the average SMAR price forecast.

Analyzing the SMAR fundamentals

The Smartsheet Inc [NYSE:SMAR] reported sales of 958.34M for trailing twelve months, representing a surge 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. 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 40.33 points at the first support level, and at 39.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.20, and for the 2nd resistance point, it is at 41.53.

Smartsheet Inc [SMAR] reported earnings per share of $0.34 for its fiscal quarter that ended on 1/31/2024. 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 10/31/2023 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

It’s worth pointing out that Smartsheet Inc [NYSE:SMAR]’s Current Ratio 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 5.87, the price to book ratio is 9.23.

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.

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