At the time of writing, Smartsheet Inc [SMAR] stock is trading at $52.40, up 0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMAR shares have gain 7.38% over the last week, with a monthly amount glided 15.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Smartsheet Inc [NYSE: SMAR] stock has seen the most recent analyst activity on September 06, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $59 from $48. On March 11, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $48 on the stock. BofA Securities started tracking the stock assigning a Underperform rating and suggested a price target of $45 on February 26, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $63 on January 11, 2024. In a note dated December 08, 2023, BMO Capital Markets reiterated an Outperform rating on this stock and boosted its target price from $50 to $52.
For the past year, the stock price of Smartsheet Inc fluctuated between $35.52 and $54.28. Currently, Wall Street analysts expect the stock to reach $56.69 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $52.40 at the most recent close of the market. An investor can expect a potential return of 8.19% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
According to Smartsheet Inc [NYSE:SMAR], the company’s sales were 1.04B for trailing twelve months, which represents an 17.33% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 51.50 points at the first support level, and at 50.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.17, and for the 2nd resistance point, it is at 53.94.
Ratios To Look Out For
It is important to note that Smartsheet Inc [NYSE:SMAR] has a current ratio of 1.45. On the other hand, the Quick Ratio is 1.45, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 6.96, the price to book ratio is 10.82.
Transactions by insiders
Recent insider trading involved Marshall Jolene Lau, Chief Legal Officer, that happened on Aug 15 ’24 when 3741.0 shares were sold. Officer, Marshall Jolene Lau completed a deal on Aug 15 ’24 to buy 3741.0 shares. Meanwhile, Chief Operating Officer Branstetter Stephen Robert sold 2004.0 shares on Jul 18 ’24.
