Smartsheet Inc [SMAR] stock prices are up 6.47% to $55.46 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMAR shares have gain 7.13% over the last week, with a monthly amount glided 11.61%, 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.
The stock price of Smartsheet Inc [SMAR] has been fluctuating between $35.52 and $54.50 over the past year. Currently, Wall Street analysts expect the stock to reach $56.69 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $55.46 at the most recent close of the market. An investor can expect a potential return of 2.22% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
The Smartsheet Inc [NYSE:SMAR] reported sales of 1.04B for trailing twelve months, representing a surge of 17.33%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 55.19 points at the first support level, and at 54.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.65, and for the 2nd resistance point, it is at 55.83.
Ratios To Look Out For
It’s worth pointing out that Smartsheet Inc [NYSE:SMAR]’s Current Ratio is 1.45. Also, the Quick Ratio is 1.45, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 7.39, the price to book ratio is 11.45.
Transactions by insiders
Recent insider trading involved MADER MARK PATRICK, President and CEO, that happened on Sep 19 ’24 when 20000.0 shares were sold. Officer, MADER MARK PATRICK completed a deal on Sep 19 ’24 to buy 20000.0 shares. Meanwhile, Chief Operating Officer Branstetter Stephen Robert sold 1847.0 shares on Sep 16 ’24.
