Is Smartsheet Inc (SMAR) Stock a Good Buy for Short-term Investors?

Smartsheet Inc [SMAR] stock is trading at $41.67, up 0.05%. 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 0.43% over the last week, with a monthly amount glided 8.83%, 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.

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 $41.67 at the most recent close of the market. An investor can expect a potential return of 33.53% 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. 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 41.39 points at the first support level, and at 41.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.02, and for the 2nd resistance point, it is at 42.36.

Ratios To Look Out For

For context, Smartsheet Inc’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 5.99, the price to book ratio is 9.41.

Transactions by insiders

Recent insider trading involved Godbole Pete, CFO & Treasurer, that happened on May 15 ’24 when 5202.0 shares were sold. CFO & Treasurer, Godbole Pete completed a deal on Apr 11 ’24 to sell 10129.0 shares. Meanwhile, Chief Operating Officer Branstetter Stephen Robert sold 5737.0 shares on Mar 27 ’24.

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