Smartsheet Inc. [NYSE: SMAR] traded at a high on 11/25/20, posting a 7.99 gain after which it closed the day’ session at $55.40. The company report on November 18, 2020 that Smartsheet Named a Leader in Collaborative Work Management Tools Report by Independent Research Firm.
Smartsheet (NYSE:SMAR), the enterprise platform for dynamic work, announced the company was named a leader in The Forrester Wave™: Collaborative Work Management Tools, Q4 2020 report.
The report evaluated nine collaborative work management (CWM) tool providers against 32 criteria across current offering, strategy and market presence, stating, “Smartsheet excels in providing dynamic work management for the enterprise.”.
The results of the trading session contributed to over 1607129 shares changing hands. Over the past one week, the price volatility of Smartsheet Inc. stands at 4.82% while the volatility over the past one month is 4.99%.
The market cap for SMAR stock reached $6.59 billion, with 119.92 million shares outstanding and 113.58 million shares in the current float. Compared to the average trading volume of 1.52M shares, SMAR reached a trading volume of 1607129 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Smartsheet Inc. [SMAR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMAR shares is $61.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMAR stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Smartsheet Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 27, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on June 23, 2020, representing the official price target for Smartsheet Inc. stock. Previously, the target price had yet another raise to $58, while Citigroup analysts kept a Neutral rating on SMAR stock. On May 14, 2020, analysts increased their price target for SMAR shares from 49 to 55.
The Average True Range (ATR) for Smartsheet Inc. is set at 2.58, with the Price to Sales ratio for SMAR stock in the period of the last 12 months amounting to 20.15. The Price to Book ratio for the last quarter was 13.13, with the Price to Cash per share for the same quarter was set at 4.59.
How has SMAR stock performed recently?
Smartsheet Inc. [SMAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.74. With this latest performance, SMAR shares dropped by -2.34% in over the last four-week period, additionally sinking by -3.92% over the last 6 months – not to mention a rise of 17.97% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMAR stock in for the last two-week period is set at 56.79, with the RSI for the last a single of trading hit 59.44, and the three-weeks RSI is set at 55.05 for Smartsheet Inc. [SMAR]. The present Moving Average for the last 50 days of trading for this stock 52.29, while it was recorded at 53.25 for the last single week of trading, and 49.41 for the last 200 days.
Smartsheet Inc. [SMAR]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Smartsheet Inc. [SMAR] shares currently have an operating margin of -38.31 and a Gross Margin at +80.47. Smartsheet Inc.’s Net Margin is presently recorded at -35.42.
Return on Total Capital for SMAR is now -27.60, given the latest momentum, and Return on Invested Capital for the company is -26.18. Return on Equity for this stock declined to -28.17, with Return on Assets sitting at -17.34. When it comes to the capital structure of this company, Smartsheet Inc. [SMAR] has a Total Debt to Total Equity ratio set at 12.66. Additionally, SMAR Total Debt to Total Capital is recorded at 11.23, with Total Debt to Total Assets ending up at 8.16. Long-Term Debt to Equity for the company is recorded at 9.64, with the Long-Term Debt to Total Capital now at 8.56.
Reflecting on the efficiency of the workforce at the company, Smartsheet Inc. [SMAR] managed to generate an average of -$60,416 per employee. Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.49.Smartsheet Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.
Earnings analysis for Smartsheet Inc. [SMAR]
With the latest financial reports released by the company, Smartsheet Inc. posted -0.15/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMAR.
Insider trade positions for Smartsheet Inc. [SMAR]
There are presently around $6,450 million, or 99.40% of SMAR stock, in the hands of institutional investors. The top three institutional holders of SMAR stocks are: CAPITAL WORLD INVESTORS with ownership of 14,340,317, which is approximately 0.728% of the company’s market cap and around 4.90% of the total institutional ownership; VANGUARD GROUP INC, holding 10,073,950 shares of the stock with an approximate value of $558.1 million in SMAR stocks shares; and BROWN CAPITAL MANAGEMENT LLC, currently with $342.45 million in SMAR stock with ownership of nearly 14.229% of the company’s market capitalization.
Positions in Smartsheet Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 180 institutional holders increased their position in Smartsheet Inc. [NYSE:SMAR] by around 18,097,930 shares. Additionally, 112 investors decreased positions by around 20,937,526 shares, while 23 investors held positions by with 77,394,014 shares. The mentioned changes placed institutional holdings at 116,429,470 shares, according to the latest SEC report filing. SMAR stock had 64 new institutional investments in for a total of 5,977,501 shares, while 41 institutional investors sold positions of 9,868,037 shares during the same period.