At the time of writing, Smartsheet Inc [SMAR] stock is trading at $47.78, up 2.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMAR shares have gain 5.43% over the last week, with a monthly amount glided 7.49%, 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.
For the past year, the stock price of Smartsheet Inc fluctuated between $35.52 and $49.42. Currently, Wall Street analysts expect the stock to reach $54.27 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $47.78 at the most recent close of the market. An investor can expect a potential return of 13.58% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
According to Smartsheet Inc [NYSE:SMAR], the company’s sales were 1.00B for trailing twelve months, which represents an 19.60% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.14 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 46.90 points at the first support level, and at 46.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.38, and for the 2nd resistance point, it is at 48.99.
Ratios To Look Out For
It is important to note that Smartsheet Inc [NYSE:SMAR] has a current ratio of 1.40. As well, the Quick Ratio is 1.40, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 6.60, the price to book ratio is 10.36.
Transactions by insiders
Recent insider trading involved Branstetter Stephen Robert, Chief Operating Officer, that happened on Jul 18 ’24 when 2004.0 shares were sold. Chief Legal Officer, Marshall Jolene Lau completed a deal on Jul 05 ’24 to sell 3994.0 shares. Meanwhile, Chief Operating Officer Branstetter Stephen Robert sold 4272.0 shares on Jun 28 ’24.
