Why Should You Put Samsara Inc (NYSE: IOT) On Your Portfolio?

Currently, there are 200.99M common shares owned by the public and among those 195.52M shares have been available to trade.

The company’s stock has a 5-day price change of -8.63% and -23.46% over the past three months. IOT shares are trading -15.28% year to date (YTD), with the 12-month market performance down to -2.65% lower. It has a 12-month low price of $21.48 and touched a high of $42.28 over the same period. IOT has an average intraday trading volume of 3.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.27%, -19.64%, and -10.66% respectively.

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Institutional ownership of Samsara Inc (NYSE: IOT) shares accounts for 28.37% of the company’s 200.99M shares outstanding.

It has a market capitalization of $15.58B and a beta (3y monthly) value of 1.45. The earnings-per-share (ttm) stands at -$0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.52% over the week and 4.77% over the month.

Earnings per share for the fiscal year are expected to increase by 89.80%, and 77.96% over the next financial year.

Looking at the support for the IOT, a number of firms have released research notes about the stock. Loop Capital stated their Buy rating for the stock in a research note on April 18, 2024, with the firm’s price target at $42. FBN Securities coverage for the Samsara Inc (IOT) stock in a research note released on October 25, 2023 offered a Outperform rating with a price target of $30. Truist was of a view on April 21, 2023 that the stock is Hold, while Morgan Stanley gave the stock Equal-Weight rating on March 23, 2023, issuing a price target of $18- $19. Piper Sandler on their part issued Neutral rating on March 16, 2023.

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