Samsara Inc [NYSE: IOT] gained 4.03% or 1.34 points to close at $34.55 with a heavy trading volume of 14206813 shares. The company report on February 8, 2024 at 4:30 PM that Samsara to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on March 7, 2024.
Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will release its financial results for the fourth quarter of fiscal year 2024, which ended February 3, 2024, after the U.S. market closes on Thursday, March 7, 2024. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
Event: Samsara’s Fourth Quarter and Fiscal Year 2024 Financial ResultsDate: Thursday, March 7, 2024Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time)Webcast: Registration.
The daily chart for IOT points out that the company has recorded 33.29% gains over the past six months.
If we look at the average trading volume of 3.52M shares, IOT reached to a volume of 14206813 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Samsara Inc [IOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IOT shares is $35.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IOT stock is a recommendation set at 1.93. 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.
FBN Securities have made an estimate for Samsara Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 25, 2023. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on April 21, 2023, representing the official price target for Samsara Inc stock. Previously, the target price had yet another raise from $18 to $19, while Morgan Stanley kept a Equal-Weight rating on IOT stock.
The Average True Range (ATR) for Samsara Inc is set at 1.63, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 22.02. The Price to Book ratio for the last quarter was 19.63, with the Price to Cash per share for the same quarter was set at 1.22. Price to Free Cash Flow for IOT in the course of the last twelve months was 1723.26 with Quick ratio for the last quarter at 1.61.
Trading performance analysis for IOT stock
Samsara Inc [IOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.69. With this latest performance, IOT shares gained by 7.67% in over the last four-week period, additionally plugging by 33.29% over the last 6 months – not to mention a rise of 107.38% 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 IOT stock in for the last two-week period is set at 56.38, with the RSI for the last a single of trading hit 58.56, and the three-weeks RSI is set at 55.50 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 32.86, while it was recorded at 33.67 for the last single week of trading, and 27.84 for the last 200 days.
Samsara Inc [IOT]: A deeper dive into fundamental analysis
Samsara Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.61 and a Current Ratio set at 1.66.
Samsara Inc [IOT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Samsara Inc posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 60.00%. 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 IOT.
An analysis of Institutional ownership at Samsara Inc [IOT]
The top three institutional holders of IOT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in IOT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in IOT stock with ownership which is approximately 5.8325%.
