Samsara Inc [NYSE: IOT] traded at a high on Wednesday, posting a 1.64 gain after which it closed the day’ session at $34.00.
The results of the trading session contributed to over 4399695 shares changing hands. Over the past one week, the price volatility of Samsara Inc stands at 4.79% while the volatility over the past one month is 3.88%.
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The market cap for IOT stock reached $18.96 billion, with 200.99 million shares outstanding and 195.11 million shares in the current float. Compared to the average trading volume of 3.78M shares, IOT reached a trading volume of 4399695 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $41.85 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 1.86. 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.
Loop Capital have made an estimate for Samsara Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, FBN Securities raised their target price to Outperform. The new note on the price target was released on October 25, 2023, representing the official price target for Samsara Inc stock. Previously, the target price had yet another raise to $20, while Truist analysts kept a Hold rating on IOT stock. On March 23, 2023, analysts increased their price target for IOT shares from 18 to 19.
The Average True Range (ATR) for Samsara Inc is set at 1.54, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 20.23. The Price to Book ratio for the last quarter was 20.28, with the Price to Cash per share for the same quarter was set at 0.98.
How has IOT stock performed recently?
Samsara Inc [IOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.65. With this latest performance, IOT shares dropped by -12.75% in over the last four-week period, additionally sinking by -0.87% over the last 6 months – not to mention a rise of 24.95% 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 35.97, with the RSI for the last a single of trading hit 28.39, and the three-weeks RSI is set at 41.16 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 36.06, while it was recorded at 34.15 for the last single week of trading, and 31.46 for the last 200 days.
Samsara Inc [IOT]: Deeper insight into the 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 analysis for Samsara Inc [IOT]
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.
Insider trade positions for Samsara Inc [IOT]
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%.
