Smartsheet Inc (SMAR) Volatility Spurs A Quest For Clarity

Currently, there are 136.88M common shares owned by the public and among those 128.71M shares have been available to trade.

The company’s stock has a 5-day price change of -0.90% and 23.30% over the past three months. SMAR shares are trading 16.85% year to date (YTD), with the 12-month market performance up to 43.84% higher. It has a 12-month low price of $35.52 and touched a high of $56.55 over the same period. SMAR has an average intraday trading volume of 3.55 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 -0.28%, 4.08%, and 23.24% respectively.

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Institutional ownership of Smartsheet Inc (NYSE: SMAR) shares accounts for 81.20% of the company’s 136.88M shares outstanding.

It has a market capitalization of $7.76B and a beta (3y monthly) value of 0.72. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.37% over the week and 0.33% over the month.

Analysts forecast that Smartsheet Inc (SMAR) will achieve an EPS of 0.3 for the current quarter, 0.33 for the next quarter and 1.57 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.29 while analysts give the company a high EPS estimate of 0.29. Comparatively, EPS for the current quarter was 0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 63.30%, and 13.67% over the next financial year. EPS should grow at an annualized rate of 31.44% over the next five years, compared to -3.72% over the past 5-year period.

Looking at the support for the SMAR, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on September 06, 2024, with the firm’s price target at $48-$59. BMO Capital Markets was of a view on March 11, 2024 that the stock is Outperform, while BofA Securities gave the stock Underperform rating on February 26, 2024, issuing a price target of $45. Citigroup on their part issued Buy rating on January 11, 2024.

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