Smartsheet Inc [NYSE: SMAR] price plunged by -0.66 percent to reach at -$0.37.
The one-year SMAR stock forecast points to a potential upside of 2.61. The average equity rating for SMAR stock is currently 2.74, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $57.38 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 2.74. 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.
BMO Capital Markets have made an estimate for Smartsheet Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on March 21, 2024, representing the official price target for Smartsheet Inc stock. Previously, the target price had yet another drop from $52 to $48, while BMO Capital Markets kept a Outperform rating on SMAR stock.
The Average True Range (ATR) for Smartsheet Inc is set at 0.39, with the Price to Sales ratio for SMAR stock in the period of the last 12 months amounting to 7.45. The Price to Book ratio for the last quarter was 11.54, with the Price to Cash per share for the same quarter was set at 5.09. Price to Free Cash Flow for SMAR in the course of the last twelve months was 45.36 with Quick ratio for the last quarter at 1.45.
SMAR Stock Performance Analysis:
Smartsheet Inc [SMAR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.90. With this latest performance, SMAR shares gained by 0.63% in over the last four-week period, additionally plugging by 42.37% over the last 6 months – not to mention a rise of 43.84% 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 SMAR stock in for the last two-week period is set at 58.81, with the RSI for the last a single of trading hit 47.29, and the three-weeks RSI is set at 62.62 for Smartsheet Inc [SMAR]. The present Moving Average for the last 50 days of trading for this stock 53.69, while it was recorded at 56.26 for the last single week of trading, and 45.34 for the last 200 days.
Insight into Smartsheet Inc Fundamentals:
Smartsheet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.45 and a Current Ratio set at 1.45.
SMAR Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Smartsheet Inc go to 31.44%.
Smartsheet Inc [SMAR] Institutonal Ownership Details
There are presently around $86.19%, or 88.77%% 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%.
