At the time of writing, Smartsheet Inc [SMAR] stock is trading at $56.00, up 0.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SMAR shares have gain 0.07% over the last week, with a monthly amount drifted -0.27%, 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.
For the past year, the stock price of Smartsheet Inc fluctuated between $35.52 and $56.55. Currently, Wall Street analysts expect the stock to reach $56.64 within the next 12 months. Smartsheet Inc [NYSE: SMAR] shares were valued at $56.00 at the most recent close of the market. An investor can expect a potential return of 1.14% based on the average SMAR price forecast.
Analyzing the SMAR fundamentals
According to Smartsheet Inc [NYSE:SMAR], the company’s sales were 1.08B for trailing twelve months, which represents an 16.65% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.05. 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 55.97 points at the first support level, and at 55.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.03, and for the 2nd resistance point, it is at 56.06.
Ratios To Look Out For
It is important to note that Smartsheet Inc [NYSE:SMAR] has a current ratio of 1.51. In addition, the Quick Ratio stands at 1.51 and the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 7.24, the price to book ratio is 11.00.
Transactions by insiders
Recent insider trading involved Marshall Jolene Lau, Chief Legal Officer, that happened on Dec 13 ’24 when 2000.0 shares were sold. President and CEO, MADER MARK PATRICK completed a deal on Dec 17 ’24 to sell 47916.0 shares. Meanwhile, President and CEO MADER MARK PATRICK sold 5000.0 shares on Dec 16 ’24.
