Smartsheet Inc (SMAR) concluded trading on Thursday at a closing price of $39.60, with 2.8 million shares of worth about $110.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.44% during that period and on March 21, 2024 the price saw a gain of about 1.93%. Currently the company’s common shares owned by public are about 136.88M shares, out of which, 130.49M shares are available for trading.
Stock saw a price change of -1.74% in past 5 days and over the past one month there was a price change of -4.49%. Year-to-date (YTD), SMAR shares are showing a performance of -17.19% which decreased to -17.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.52 but also hit the highest price of $52.81 during that period. The average intraday trading volume for Smartsheet Inc shares is 1.42 million. The stock is currently trading -3.87% below its 20-day simple moving average (SMA20), while that difference is down -10.11% for SMA50 and it goes to -6.59% lower than SMA200.
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Smartsheet Inc (NYSE: SMAR) currently have 136.88M outstanding shares and institutions hold larger chunk of about 90.13% of that.
The stock has a current market capitalization of $5.40B and its 3Y-monthly beta is at 0.74. It has posted earnings per share of -$0.78 in the same period. It has Quick Ratio of 1.34 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMAR, volatility over the week remained 4.94% while standing at 3.43% over the month.
Analysts are in expectations that Smartsheet Inc (SMAR) stock would likely to be making an EPS of $0.26 in the current quarter, while forecast for next quarter EPS is $0.25 and it is $1.42 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.26 which is $0.28 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 $0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 30.44% while it is estimated to increase by 28.22% in next year.
Coverage by BMO Capital Markets stated Smartsheet Inc (SMAR) stock as an Outperform in their note to investors on March 11, 2024, suggesting a price target of $48 for the stock. On February 26, 2024, BofA Securities Initiated their recommendations, while on January 11, 2024, Citigroup Upgrade their ratings for the stock with a price target of $63. Stock get a Buy rating from DA Davidson on December 20, 2023.
