The price of Smartsheet Inc (NYSE: SMAR) closed at $38.69 in the last session, up 0.78% from day before closing price of $38.39. In other words, the price has increased by $+0.30 from its previous closing price. On the day, 1385775 shares were traded.
Ratios:
We take a closer look at SMAR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.78. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 27 ’24 when Branstetter Stephen Robert sold 5,737 shares for $38.22 per share. The transaction valued at 219,268 led to the insider holds 67,801 shares of the business.
Arntz Michael sold 7,702 shares of SMAR for $303,767 on Mar 22 ’24. The Chief Revenue Officer now owns 12,718 shares after completing the transaction at $39.44 per share. On Feb 02 ’24, another insider, Arntz Michael, who serves as the Chief Revenue Officer of the company, sold 225 shares for $45.04 each. As a result, the insider received 10,134 and left with 7,148 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 5.32B and an Enterprise Value of 4.74B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.55 while its Price-to-Book (P/B) ratio in mrq is 8.74. Its current Enterprise Value per Revenue stands at 4.94 whereas that against EBITDA is -50.80.
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 41.59, while the 200-Day Moving Average is calculated to be 42.16.
Shares Statistics:
According to the various share statistics, SMAR traded on average about 1.63M shares per day over the past 3-months and 1.81M shares per day over the past 10 days. A total of 136.88M shares are outstanding, with a floating share count of 131.66M. Insiders hold about 4.19% of the company’s shares, while institutions hold 89.42% stake in the company. Shares short for SMAR as of Mar 15, 2024 were 2.79M with a Short Ratio of 1.45, compared to 2.78M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.03% and a Short% of Float of 2.35%.
Earnings Estimates
The company has 19 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.26, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.25, with high estimates of $0.28 and low estimates of $0.21.
Analysts are recommending an EPS of between $1.15 and $1.09 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $1.42, with 18 analysts recommending between $1.6 and $1.31.
Revenue Estimates
A total of 21 analysts have provided revenue estimates for SMAR’s current fiscal year. The highest revenue estimate was $1.12B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $958.34M, up 16.50% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $1.3B in the next fiscal year. The high estimate is $1.41B and the low estimate is $1.26B. The average revenue growth estimate for next year is up 16.20% from the average revenue estimate for this year.
