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

Samsara Inc (IOT) concluded trading on Thursday at a closing price of $31.07, with 2.91 million shares of worth about $90.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.50% during that period and on Thursday, January 25 the price saw a loss of about -0.61%. Currently the company’s common shares owned by public are about 540.17M shares, out of which, 168.94M 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 399 times over the past 12 months. They bought 33,978,040 shares in 114 of the transactions. In 285 selling transactions, insiders dumped 49,889,363 shares.

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Stock saw a price change of -2.45% in past 5 days and over the past one month there was a price change of -8.64%. Year-to-date (YTD), IOT shares are showing a performance of -6.92% which increased to 132.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.30 but also hit the highest price of $36.91 during that period. The average intraday trading volume for Samsara Inc shares is 3.28 million. The stock is currently trading -4.34% below its 20-day simple moving average (SMA20), while that difference is down -0.99% for SMA50 and it goes to 18.77% higher than SMA200.

Samsara Inc (NYSE: IOT) currently have 540.17M outstanding shares and institutions hold larger chunk of about 25.32% of that.

The stock has a current market capitalization of $16.78B and its 3Y-monthly beta is at 1.54. 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 5.26% while standing at 4.61% over the month.

Analysts are in expectations that Samsara Inc (IOT) stock would likely to be making an EPS of $VanEck Robotics ETF in the current quarter, while forecast for next quarter EPS is $34.11 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Riot Platforms, Inc. which is $Inhibikase Therapeutics, 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 $Samsara 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.

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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