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After finishing at $48.55 in the prior trading day, Smartsheet Inc (NYSE: SMAR) closed at $48.87, up 0.66%. In other words, the price has increased by $0.66 from its previous closing price. On the day, 1.02 million shares were traded. SMAR stock price reached its highest trading level at $49.49 during the session, while it also had its lowest trading level at $48.6.
Ratios:
Our goal is to gain a better understanding of SMAR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
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 Aug 15 ’24 when Marshall Jolene Lau sold 3,741 shares for $48.18 per share. The transaction valued at 180,241 led to the insider holds 17,100 shares of the business.
Marshall Jolene Lau bought 3,741 shares of SMAR for $180,241 on Aug 15 ’24. On Jul 18 ’24, another insider, Branstetter Stephen Robert, who serves as the Chief Operating Officer of the company, sold 2,004 shares for $48.00 each. As a result, the insider received 96,192 and left with 61,791 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 6760773632 and an Enterprise Value of 6137284608. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.75 while its Price-to-Book (P/B) ratio in mrq is 10.60. Its current Enterprise Value per Revenue stands at 6.128 whereas that against EBITDA is -72.521.
Stock Price History:
Over the past 52 weeks, SMAR has reached a high of $50.38, while it has fallen to a 52-week low of $35.52. The 50-Day Moving Average of the stock is 6.10%, while the 200-Day Moving Average is calculated to be 13.12%.
Shares Statistics:
The stock has traded on average 1.42M shares per day over the past 3-months and 827290 shares per day over the last 10 days, according to various share statistics. A total of 136.88M shares are outstanding, with a floating share count of 127.73M. Insiders hold about 7.67% of the company’s shares, while institutions hold 88.52% stake in the company. Shares short for SMAR as of 1723680000 were 1627913 with a Short Ratio of 1.15, compared to 1721001600 on 2001868. Therefore, it implies a Short% of Shares Outstanding of 1627913 and a Short% of Float of 1.21.
Earnings Estimates
Smartsheet Inc (SMAR) is presently subject to a detailed evaluation by 20.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.29, with high estimates of $0.33 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.29 and $1.23 for the fiscal current year, implying an average EPS of $1.25. EPS for the following year is $1.55, with 20.0 analysts recommending between $1.69 and $1.42.
Revenue Estimates
For the next quarter, 19 analysts are estimating revenue of $287.64M. There is a high estimate of $330.32M for the next quarter, whereas the lowest estimate is $282.5M.
A total of 22 analysts have provided revenue estimates for SMAR’s current fiscal year. The highest revenue estimate was $1.13B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $958.34MBased on 22 analysts’ estimates, the company’s revenue will be $1.3B in the next fiscal year. The high estimate is $1.4B and the low estimate is $1.27B.
