Similarweb Ltd [SMWB] stock is trading at $11.90, up 3.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMWB shares have gain 13.55% over the last week, with a monthly amount glided 29.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Similarweb Ltd [NYSE: SMWB] stock has seen the most recent analyst activity on October 21, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $11. Previously, Northland Capital started tracking the stock with Outperform rating on September 10, 2024, and set its price target to $15. On February 15, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. Citigroup downgraded its rating to a Neutral and reduced its price target to $7 on January 12, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on May 24, 2022, and assigned it a price target of $17. In a note dated February 23, 2022, Barclays upgraded an Overweight rating on this stock but restated the target price of $22.
Similarweb Ltd [SMWB] stock has fluctuated between $4.58 and $11.95 over the past year. Currently, Wall Street analysts expect the stock to reach $12.67 within the next 12 months. Similarweb Ltd [NYSE: SMWB] shares were valued at $11.90 at the most recent close of the market. An investor can expect a potential return of 6.47% based on the average SMWB price forecast.
Analyzing the SMWB fundamentals
Similarweb Ltd [NYSE:SMWB] reported sales of 241.08M for the trailing twelve months, which represents a growth of 18.01%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.67 and Total Capital is -0.15.
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 11.57 points at the first support level, and at 11.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.16, and for the 2nd resistance point, it is at 12.42.
Ratios To Look Out For
For context, Similarweb Ltd’s Current Ratio is 0.69. Also, the Quick Ratio is 0.69, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 4.07, the price to book ratio is 37.12.
Transactions by insiders
Recent insider trading involved Seror Benjamin, Officer, that happened on Nov 11 ’24 when 50000.0 shares were purchased. Officer, Offer Or completed a deal on Aug 29 ’24 to buy 465.0 shares. Meanwhile, Officer Offer Or bought 10000.0 shares on Aug 28 ’24.
