Smartsheet Inc. (SMAR)’s stock has witnessed a price hike of 4.40% from the previous close with its current price standing at $48.18. Its current price is -1.65% under its 52-week high of $48.99 and 92.03% more than its 52-week low of $25.09. Based on the past 30-day period, the stock price is -1.83% below the high and +23.38% above the low.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, SMAR’s SMA-200 is $39.06.
Additionally, it is important to take into account SMAR stock ratios, including its price-to-sales ratio, which is 8.13 for the last tewlve months.Likewise, its price to free cash flow for the last twelve months stands at 636.26. SMAR’s price to book ratio for the most recent quarter was 12.51, resulting in an 13.66 price to cash per share for the period.
How does Smartsheet Inc. (SMAR) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 16 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.63 in simple terms.
Smartsheet Inc. (SMAR): Earnings History
If we examine Smartsheet Inc.’s recent earnings history, in the last quarter ended on 1/30/2023, it posted adjusted earnings per share of $0.07, slashing the consensus of $0. In the 3 months period before the previous quarter which was closed on 1/30/2023, the stock recorded adjusted earnings per share of $0.07 in contrast with the Outlook of $0.
Smartsheet Inc. (SMAR): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 7 different analysts, who are expecting earnings to fall in between the range of -0.27 and -0.34 with an average Earnings Estimate of -0.31 which is in contrast with the last year earnings estimate of -0.53 and also replicates 41.51% growth rate year over year.
Smartsheet Inc. (NYSE: SMAR) Ownership Details
I will give a breakdown of the key shareholders in Smartsheet Inc. (SMAR). Recent figures show that the company’s insiders hold 3.12% of shares. A total of 414 institutional investors hold shares in the company, making 90.86% of its stock and 93.79% of its float.
Mar 30, 2023, it was reported that the Company’s largest institutional holder is Capital World Investors holding total of 14.59 million shares that make 10.98% of the company’s total number of shares and are currently priced at 704.81 million.
The securities firm Vanguard Group, Inc. (The) holds 12.52 million shares of SMAR, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 9.42%, and the holding percentage of shares is valued at 604.91 million.
An overview of Smartsheet Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Smartsheet Inc. (SMAR) traded 1,046,415 shares per day, with a moving average of $43.39 and price change of +6.94. With the moving average of $44.46 and a price change of +1.51, about 1,014,408 shares changed hands on average over the past 50 days. Finally, SMAR’s 100-day average volume is 1,253,718 shares, alongside a moving average of $43.64 and a price change of +8.94.
Leave a Reply