Smartsheet Inc [NYSE: SMAR] jumped around 2.01 points on Thursday, while shares priced at $49.35 at the close of the session, up 4.25%.
Compared to the average trading volume of 1.35M shares, SMAR reached a trading volume of 6352086 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Smartsheet Inc [SMAR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMAR shares is $53.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMAR stock is a recommendation set at 1.59. 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.
KeyBanc Capital Markets have made an estimate for Smartsheet Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on March 21, 2024. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $52 to $48. The new note on the price target was released on March 11, 2024, representing the official price target for Smartsheet Inc stock. Previously, the target price had yet another raise to $45, while BofA Securities analysts kept a Underperform rating on SMAR stock. On January 11, 2024, analysts increased their price target for SMAR shares from 56 to 63.
The Average True Range (ATR) for Smartsheet Inc is set at 1.59, with the Price to Sales ratio for SMAR stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 10.70, with the Price to Cash per share for the same quarter was set at 4.84. Price to Free Cash Flow for SMAR in the course of the last twelve months was 42.59 with Quick ratio for the last quarter at 1.40.
How has SMAR stock performed recently?
Smartsheet Inc [SMAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.65. With this latest performance, SMAR shares gained by 8.89% in over the last four-week period, additionally plugging by 19.15% over the last 6 months – not to mention a rise of 20.37% 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 SMAR stock in for the last two-week period is set at 58.36, with the RSI for the last a single of trading hit 58.53, and the three-weeks RSI is set at 58.58 for Smartsheet Inc [SMAR]. The present Moving Average for the last 50 days of trading for this stock 46.72, while it was recorded at 48.37 for the last single week of trading, and 43.38 for the last 200 days.
Smartsheet Inc [SMAR]: Deeper insight into the fundamentals
Smartsheet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Earnings analysis for Smartsheet Inc [SMAR]
With the latest financial reports released by the company, Smartsheet Inc posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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 SMAR.
Insider trade positions for Smartsheet Inc [SMAR]
There are presently around $90.80%, or 93.55%% of SMAR stock, in the hands of institutional investors. The top three institutional holders of SMAR stocks are: VANGUARD GROUP INC with ownership of 14.18 million shares, which is approximately 10.3171%. BLACKROCK INC., holding 8.48 million shares of the stock with an approximate value of $$373.99 million in SMAR stocks shares; and BLACKROCK INC., currently with $$312.52 million in SMAR stock with ownership which is approximately 5.1589%.
