Samsara Inc (NYSE: IOT): To Buy Or Not To Buy, That Is The Question

Samsara Inc (IOT) concluded trading on Wednesday at a closing price of $55.84, with 3.71 million shares of worth about $207.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 64.24% during that period and on December 04, 2024 the price saw a gain of about 2.21%. Currently the company’s common shares owned by public are about 224.05M shares, out of which, 206.12M shares are available for trading.

Stock saw a price change of 0.81% in past 5 days and over the past one month there was a price change of 19.67%. Year-to-date (YTD), IOT shares are showing a performance of 67.29% which increased to 62.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.14 but also hit the highest price of $57.51 during that period. The average intraday trading volume for Samsara Inc shares is 3.19 million. The stock is currently trading 5.29% above its 20-day simple moving average (SMA20), while that difference is up 11.37% for SMA50 and it goes to 38.73% higher than SMA200.

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Samsara Inc (NYSE: IOT) currently have 224.05M outstanding shares and institutions hold larger chunk of about 35.58% of that.

The stock has a current market capitalization of $31.07B and its 3Y-monthly beta is at 1.53. It has posted earnings per share of -$0.49 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.09. 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 3.64% while standing at 3.70% over the month.

Stock’s fiscal year EPS is expected to rise by 148.71% while it is estimated to increase by 51.73% 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 Craig Hallum on October 22, 2024 offering a Hold rating for the stock and assigned a target price of $48 to it. Coverage by Exane BNP Paribas stated Samsara Inc (IOT) stock as a Neutral in their note to investors on October 08, 2024, suggesting a price target of $46 for the stock. On September 06, 2024, BMO Capital Markets Reiterated their recommendations, while on June 20, 2024, BofA Securities Initiated their ratings for the stock with a price target of $37. Stock get a Buy rating from Loop Capital on April 18, 2024.

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