Samsara Inc [NYSE: IOT] closed the trading session at $32.40. The company report on April 11, 2024 at 9:00 AM that Samsara Opens New Office in Mexico City to Support Growing Customer and Employee Base.
5 of the Top 10 trucking companies in Mexico are Samsara customers.
More than 200 employees in Mexico, expected to double by end of year.
The stocks have a year to date performance of -2.94 percent and weekly performance of -4.00 percent. The stock has been moved at 29.39 percent over the last six months. The stock has performed -17.07 percent around the most recent 30 days and changed -1.40 percent over the most recent 3-months.
If compared to the average trading volume of 3.88M shares, IOT reached to a volume of 2616913 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $41.83 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 1.92. 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 1.57, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 19.03. The Price to Book ratio for the last quarter was 19.33, with the Price to Cash per share for the same quarter was set at 0.99.
IOT stock trade performance evaluation
Samsara Inc [IOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.00. With this latest performance, IOT shares dropped by -17.07% in over the last four-week period, additionally plugging by 29.39% over the last 6 months – not to mention a rise of 68.84% 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 37.06, with the RSI for the last a single of trading hit 28.29, and the three-weeks RSI is set at 42.10 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 34.81, while it was recorded at 33.17 for the last single week of trading, and 29.55 for the last 200 days.
Samsara Inc [IOT]: An insightful look at the core fundamentals
Samsara Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.32.
Earnings per share (EPS) analysis for Samsara Inc [IOT] stock
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.
Samsara Inc [IOT]: Institutional Ownership
The top three institutional holders of IOT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in IOT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in IOT stock with ownership which is approximately 5.8386%.
