Smartsheet Inc [SMAR] stock prices are saw in change for the day to $55.86 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMAR shares have lost -0.18% over the last week, with a monthly amount drifted -0.29%, and not 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 November 11, 2024, when Guggenheim downgraded its rating to a Neutral. Previously, BMO Capital Markets reaffirmed its Outperform rating on September 06, 2024, and elevated its price target to $59. On March 21, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. BMO Capital Markets reiterated its Outperform rating and decreased its price target to $48 on March 11, 2024. BofA Securities initiated its recommendation with a Underperform and recommended $45 as its price target on February 26, 2024. Citigroup upgraded its rating to Buy for this stock on January 11, 2024, and upped its price target to $63.
The stock price of Smartsheet Inc [SMAR] has been fluctuating between $35.52 and $56.55 over the past year. Currently, Wall Street analysts expect the stock to reach $56.59 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $55.86 at the most recent close of the market. An investor can expect a potential return of 1.31% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 55.77 points at the first support level, and at 55.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.92, and for the 2nd resistance point, it is at 55.97.
Ratios To Look Out For
It’s worth pointing out that Smartsheet Inc [NYSE:SMAR]’s Current Ratio is 1.45. As well, the Quick Ratio is 1.45, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 7.47, the price to book ratio is 11.53.
Transactions by insiders
Recent insider trading involved MADER MARK PATRICK, President and CEO, that happened on Nov 04 ’24 when 5000.0 shares were sold. Officer, MADER MARK PATRICK completed a deal on Nov 04 ’24 to buy 5000.0 shares. Meanwhile, President and CEO MADER MARK PATRICK sold 5000.0 shares on Oct 02 ’24.
