As of close of business last night, Smartsheet Inc’s stock clocked out at $38.59, down -0.16% from its previous closing price of $38.65. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 2248667 shares were traded. SMAR stock price reached its highest trading level at $38.70 during the session, while it also had its lowest trading level at $37.48.
Ratios:
To gain a deeper understanding of SMAR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on March 11, 2024, Reiterated its Outperform rating but revised its target price to $48 from $52 previously.
On February 26, 2024, BofA Securities started tracking the stock assigning a Underperform rating and target price of $45.
Citigroup Upgraded its Neutral to Buy on January 11, 2024, whereas the target price for the stock was revised from $56 to $63.
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 Feb 02 ’24 when Arntz Michael sold 225 shares for $45.04 per share. The transaction valued at 10,134 led to the insider holds 7,148 shares of the business.
Arntz Michael sold 7,572 shares of SMAR for $339,336 on Feb 01 ’24. The Chief Revenue Officer now owns 7,148 shares after completing the transaction at $44.81 per share. On Feb 01 ’24, another insider, Marshall Jolene Lau, who serves as the Chief Legal Officer of the company, sold 2,247 shares for $45.03 each. As a result, the insider received 101,182 and left with 12,129 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 5.27B and an Enterprise Value of 4.75B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.49 while its Price-to-Book (P/B) ratio in mrq is 8.40. Its current Enterprise Value per Revenue stands at 5.20 whereas that against EBITDA is -39.02.
Stock Price History:
The Beta on a monthly basis for SMAR is 0.74, which has changed by -17.63% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. 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 44.20, while the 200-Day Moving Average is calculated to be 42.44.
Shares Statistics:
It appears that SMAR traded 1.38M shares on average per day over the past three months and 2.69M shares per day over the past ten days. A total of 131.85M shares are outstanding, with a floating share count of 130.50M. Insiders hold about 4.23% of the company’s shares, while institutions hold 90.13% stake in the company. Shares short for SMAR as of Feb 29, 2024 were 3.04M with a Short Ratio of 2.21, compared to 2.79M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.23% and a Short% of Float of 2.58%.
Earnings Estimates
As of right now, 19 analysts gave their recommendation on the stock of the company. 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 16.40% from the average revenue estimate for this year.
