Smartsheet Inc (NYSE: SMAR): Do Not Miss The Gain Train

Smartsheet Inc (SMAR) concluded trading on Thursday at a closing price of $49.35, with 6.35 million shares of worth about $313.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.15% during that period and on September 05, 2024 the price saw a gain of about 4.25%. Currently the company’s common shares owned by public are about 136.88M shares, out of which, 127.73M shares are available for trading.

Stock saw a price change of 1.65% in past 5 days and over the past one month there was a price change of 8.89%. Year-to-date (YTD), SMAR shares are showing a performance of 3.20% which increased to 20.37% 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 $50.38 during that period. The average intraday trading volume for Smartsheet Inc shares is 1.35 million. The stock is currently trading 2.22% above its 20-day simple moving average (SMA20), while that difference is up 5.95% for SMA50 and it goes to 13.88% higher than SMA200.

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Smartsheet Inc (NYSE: SMAR) currently have 136.88M outstanding shares and institutions hold larger chunk of about 87.89% of that.

The stock has a current market capitalization of $6.83B and its 3Y-monthly beta is at 0.75. It has posted earnings per share of -$0.62 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.07. 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 5.00% while standing at 3.00% over the month.

Stock’s fiscal year EPS is expected to rise by 47.56% while it is estimated to increase by 23.43% 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.

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