Market Momentum: Smartsheet Inc (SMAR) Registers a -0.24 Decrease, Closing at 37.00

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Smartsheet Inc (NYSE: SMAR) closed the day trading at $37.00 down -0.24% from the previous closing price of $37.09. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 2.35 million shares were traded. SMAR stock price reached its highest trading level at $37.715 during the session, while it also had its lowest trading level at $36.58.


For a better understanding of SMAR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.06.

On March 11, 2024, BMO Capital Markets reiterated its Outperform rating and also upped its target price recommendation from $52 to $48.

On February 26, 2024, BofA Securities started tracking the stock assigning a Underperform rating and target price of $45.BofA Securities initiated its Underperform rating on February 26, 2024, with a $45 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when Godbole Pete sold 5,202 shares for $41.92 per share. The transaction valued at 218,068 led to the insider holds 44,346 shares of the business.

Godbole Pete sold 10,129 shares of SMAR for $391,688 on Apr 11 ’24. The CFO & Treasurer now owns 44,346 shares after completing the transaction at $38.67 per share. On Mar 27 ’24, another insider, Branstetter Stephen Robert, who serves as the Chief Operating Officer of the company, sold 5,737 shares for $38.22 each. As a result, the insider received 219,268 and left with 67,801 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMAR now has a Market Capitalization of 5093531136 and an Enterprise Value of 4505708544. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.31 while its Price-to-Book (P/B) ratio in mrq is 8.36. Its current Enterprise Value per Revenue stands at 4.702 whereas that against EBITDA is -42.578.

Stock Price History:

Over the past 52 weeks, SMAR has reached a high of $52.81, while it has fallen to a 52-week low of $35.52. The 50-Day Moving Average of the stock is -5.07%, while the 200-Day Moving Average is calculated to be -11.59%.

Shares Statistics:

Over the past 3-months, SMAR traded about 1.66M shares per day on average, while over the past 10 days, SMAR traded about 1138140 shares per day. A total of 136.88M shares are outstanding, with a floating share count of 130.29M. Insiders hold about 5.36% of the company’s shares, while institutions hold 89.95% stake in the company. Shares short for SMAR as of 1715731200 were 2684490 with a Short Ratio of 1.62, compared to 1713139200 on 2400689. Therefore, it implies a Short% of Shares Outstanding of 2684490 and a Short% of Float of 2.01.

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