Samsara Inc [NYSE: IOT] loss -1.40% on the last trading session, reaching $38.66 price per share at the time.
If compared to the average trading volume of 3.79M shares, IOT reached a trading volume of 2773390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $41.43 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 1.66, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 21.00. The Price to Book ratio for the last quarter was 23.05, with the Price to Cash per share for the same quarter was set at 1.08.
Trading performance analysis for IOT stock
Samsara Inc [IOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.91. With this latest performance, IOT shares gained by 8.72% in over the last four-week period, additionally plugging by 17.87% over the last 6 months – not to mention a rise of 24.99% 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 47.08, with the RSI for the last a single of trading hit 39.47, and the three-weeks RSI is set at 50.44 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 37.47, while it was recorded at 40.16 for the last single week of trading, and 34.75 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 1.31 and a Current Ratio set at 1.36.
Samsara Inc [IOT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Samsara Inc posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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]
There are presently around $87.77%, or 90.72%% 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%.
