This company combines impressive quality with a generous valuation: Sumo Logic Inc. (SUMO)

As of close of business last night, Sumo Logic Inc.’s stock clocked out at $11.01, up 11.55% from its previous closing price of $9.87. In other words, the price has increased by $+1.14 from its previous closing price. On the day, 9116091 shares were traded. SUMO stock price reached its highest trading level at $11.04 during the session, while it also had its lowest trading level at $10.25.

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To gain a deeper understanding of SUMO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 2.20. 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 September 10, 2021, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $24 to $20.

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 Dec 15 when McCord Jennifer sold 4,989 shares for $8.30 per share. The transaction valued at 41,429 led to the insider holds 194,995 shares of the business.

Chettiar Suku Krishnaraj sold 45,554 shares of SUMO for $378,280 on Dec 15. The Chief Marketing Officer now owns 315,305 shares after completing the transaction at $8.30 per share. On Dec 15, another insider, Beedgen Christian, who serves as the Director of the company, sold 11,339 shares for $8.30 each. As a result, the insider received 94,159 and left with 2,235,184 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.47 while its Price-to-Book (P/B) ratio in mrq is 3.45.

Stock Price History:

Over the past 52 weeks, SUMO has reached a high of $12.67, while it has fallen to a 52-week low of $6.43. The 50-Day Moving Average of the stock is 7.84, while the 200-Day Moving Average is calculated to be 8.03.

Shares Statistics:

It appears that SUMO traded 1.09M shares on average per day over the past three months and 1.88M shares per day over the past ten days. A total of 119.12M shares are outstanding, with a floating share count of 113.76M. Insiders hold about 3.90% of the company’s shares, while institutions hold 74.20% stake in the company. Shares short for SUMO as of Oct 13, 2022 were 5.77M with a Short Ratio of 3.40M, compared to 5.23M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.87% and a Short% of Float of 5.01%.

Earnings Estimates

As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.15, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.1 and low estimates of -$0.18.

Analysts are recommending an EPS of between -$0.46 and -$0.57 for the fiscal current year, implying an average EPS of -$0.54. EPS for the following year is -$0.53, with 9 analysts recommending between -$0.45 and -$0.62.

Revenue Estimates

A total of 9 analysts have provided revenue estimates for SUMO’s current fiscal year. The highest revenue estimate was $293M, while the lowest revenue estimate was $242.1M, resulting in an average revenue estimate of $286.09M. In the same quarter a year ago, actual revenue was $242.12M, up 18.20% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $345.14M in the next fiscal year. The high estimate is $356.9M and the low estimate is $329.6M. The average revenue growth estimate for next year is up 20.60% from the average revenue estimate for this year.