Samsara Inc (NYSE: IOT) Is Getting Increasingly Hard To Ignore

Currently, there are 268.85M common shares owned by the public and among those 203.14M shares have been available to trade.

The company’s stock has a 5-day price change of 2.97% and -1.62% over the past three months. IOT shares are trading 40.14% year to date (YTD), with the 12-month market performance up to 37.63% higher. It has a 12-month low price of $27.14 and touched a high of $57.51 over the same period. IOT has an average intraday trading volume of 3.10 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 -9.53%, -7.02%, and 14.34% respectively.

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Institutional ownership of Samsara Inc (NYSE: IOT) shares accounts for 38.35% of the company’s 268.85M shares outstanding.

It has a market capitalization of $26.28B and a beta (3y monthly) value of 1.53. The earnings-per-share (ttm) stands at -$0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.59% over the week and 4.00% over the month.

Analysts forecast that Samsara Inc (IOT) will achieve an EPS of 0.07 for the current quarter, 0.05 for the next quarter and 0.28 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.07 while analysts give the company a high EPS estimate of 0.07. Comparatively, EPS for the current quarter was 0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 212.61%, and 27.96% over the next financial year.

Looking at the support for the IOT, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on December 06, 2024, with the firm’s price target at $44-$57. Craig Hallum coverage for the Samsara Inc (IOT) stock in a research note released on October 22, 2024 offered a Hold rating with a price target of $48. Exane BNP Paribas was of a view on October 08, 2024 that the stock is Neutral, while BMO Capital Markets gave the stock Market Perform rating on September 06, 2024, issuing a price target of $40- $44. BofA Securities on their part issued Buy rating on June 20, 2024.

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