Set Your Sights On Samsara Inc (NYSE: IOT)’S Upside Potential

Samsara Inc (IOT) concluded trading on 01/11/24 at a closing price of $33.25, with 2.3 million shares of worth about $76.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.04% during that period and on Thursday the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 540.17M shares, out of which, 170.85M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 434 times over the past 12 months. They bought 34,510,043 shares in 131 of the transactions. In 303 selling transactions, insiders dumped 50,421,366 shares.

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Samsara Inc (NYSE: IOT) started trading at $32.97, above $0.11 from concluding price of the previous day. Stock saw a price change of 10.21% in past 5 days and over the past one month there was a price change of -1.95%. Year-to-date (YTD), IOT shares are showing a performance of -0.39% which increased to 191.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.24 but also hit the highest price of $36.91 during that period. The average intraday trading volume for Samsara Inc shares is 3.13 million. The stock is currently trading -0.01% below its 20-day simple moving average (SMA20), while that difference is up 11.64% for SMA50 and it goes to 30.12% higher than SMA200.

Samsara Inc (NYSE: IOT) currently have 540.17M outstanding shares and institutions hold larger chunk of about 25.33% of that.

The stock has a current market capitalization of $17.96B and its 3Y-monthly beta is at 1.57. It has posted earnings per share of -$0.43 in the same period. It has Quick Ratio of 1.61 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IOT, volatility over the week remained 4.09% while standing at 4.67% over the month.

For the current quarter EPS, analysts have given the company a lowest target $VanEck Robotics ETF which is $Samsara Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Inhibikase Therapeutics, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 141.17% while it is estimated to increase by 73.97% in next year.

Analysts at 14 brokerage firms have issued recommendations for the Samsara Inc (IOT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.93. Out of those 14 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by FBN Securities on October 25, 2023 offering an Outperform rating for the stock and assigned a target price of $30 to it.

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