In spite of Smartsheet Inc.’s (NYSE:SMAR) recent upswing, most analysts remain bearish.

As of close of business last night, Smartsheet Inc.’s stock clocked out at 34.29, down -2.70% from its previous closing price of $35.24. In other words, the price has decreased by $-0.95 from its previous closing price. On the day, 1067581 shares were traded. SMAR reached its highest trading level at $35.98 during the session, while it also had its lowest trading level at $34.26.

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Ratios:

To gain a deeper understanding of SMAR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On August 12, 2022, Guggenheim started tracking the stock assigning a Buy rating and target price of $48.

Wells Fargo Upgraded its Equal Weight to Overweight on January 06, 2022, whereas the target price for the stock was revised from $75 to $95.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 16 when Godbole Pete sold 1,104 shares for $36.64 per share. The transaction valued at 40,451 led to the insider holds 15,874 shares of the business.

Gomez Elena sold 6,250 shares of SMAR for $232,312 on Sep 15. The Director now owns 6,003 shares after completing the transaction at $37.17 per share. On Sep 14, another insider, Hansen Megan, who serves as the Chief People & Culture Officer of the company, sold 4,000 shares for $38.04 each. As a result, the insider received 152,160 and left with 4,155 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 7.10 while its Price-to-Book (P/B) ratio in mrq is 9.37.

Stock Price History:

Over the past 52 weeks, SMAR has reached a high of $80.89, while it has fallen to a 52-week low of $27.05. The 50-Day Moving Average of the stock is 33.99, while the 200-Day Moving Average is calculated to be 47.48.

Shares Statistics:

It appears that SMAR traded 1.74M shares on average per day over the past three months and 1.98M shares per day over the past ten days. A total of 129.65M shares are outstanding, with a floating share count of 126.58M. Insiders hold about 2.40% of the company’s shares, while institutions hold 92.30% stake in the company. Shares short for SMAR as of Jul 14, 2022 were 6.57M with a Short Ratio of 2.25, compared to 4.74M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.08% and a Short% of Float of 5.88%.

Earnings Estimates

As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $-0.15 for the current quarter, with a high estimate of $-0.15 and a low estimate of $-0.17, while EPS last year was $-0.03. The consensus estimate for the next quarter is $-0.09, with high estimates of $-0.08 and low estimates of $-0.12.

Analysts are recommending an EPS of between $-0.52 and $-0.58 for the fiscal current year, implying an average EPS of $-0.53. EPS for the following year is $-0.31, with 16 analysts recommending between $-0.14 and $-0.49.

Revenue Estimates

A total of 16 analysts have provided revenue estimates for SMAR’s current fiscal year. The highest revenue estimate was $756M, while the lowest revenue estimate was $750.03M, resulting in an average revenue estimate of $752.89M. In the same quarter a year ago, actual revenue was $550.83M, up 36.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $969.09M in the next fiscal year. The high estimate is $1.01B and the low estimate is $931.54M. The average revenue growth estimate for next year is up 28.70% from the average revenue estimate for this year.