Samsara Inc [NYSE: IOT] traded at a high on Tuesday, posting a 1.03 gain after which it closed the day’ session at $41.98.
The results of the trading session contributed to over 4380435 shares changing hands. Over the past one week, the price volatility of Samsara Inc stands at 3.05% while the volatility over the past one month is 4.72%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for IOT stock reached $23.12 billion, with 200.99 million shares outstanding and 197.21 million shares in the current float. Compared to the average trading volume of 3.94M shares, IOT reached a trading volume of 4380435 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 $41.21 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 1.75. 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.
BofA Securities have made an estimate for Samsara Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 20, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on April 18, 2024, representing the official price target for Samsara Inc stock. Previously, the target price had yet another raise to $30, while FBN Securities analysts kept a Outperform rating on IOT stock.
The Average True Range (ATR) for Samsara Inc is set at 1.61, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 22.81. The Price to Book ratio for the last quarter was 25.03, with the Price to Cash per share for the same quarter was set at 1.08.
How has IOT stock performed recently?
Samsara Inc [IOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.09. With this latest performance, IOT shares gained by 14.36% in over the last four-week period, additionally plugging by 24.27% over the last 6 months – not to mention a rise of 66.19% 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 66.91, with the RSI for the last a single of trading hit 71.73, and the three-weeks RSI is set at 63.54 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 36.38, while it was recorded at 41.47 for the last single week of trading, and 34.36 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 1.31 and a Current Ratio set at 1.36.
Insider trade positions for Samsara Inc [IOT]
There are presently around $87.97%, or 90.93%% of IOT stock, in the hands of institutional investors. The top three institutional holders of IOT stocks are: BAILLIE GIFFORD & CO with ownership of 27.43 million shares, which is approximately 5.0001%. GENERAL CATALYST GROUP MANAGEMENT, LLC, holding 26.3 million shares of the stock with an approximate value of $$886.21 million in IOT stocks shares; and GENERAL CATALYST GROUP MANAGEMENT, LLC, currently with $$647.41 million in IOT stock with ownership which is approximately 3.5015%.
