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The price of Smartsheet Inc (NYSE: SMAR) closed at $48.45 in the last session, down -0.21% from day before closing price of $48.55. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 1.76 million shares were traded. SMAR stock price reached its highest trading level at $49.0714 during the session, while it also had its lowest trading level at $48.4.
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 10.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.82. 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:
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 Jul 18 ’24 when Branstetter Stephen Robert sold 2,004 shares for $48.00 per share. The transaction valued at 96,192 led to the insider holds 61,791 shares of the business.
Marshall Jolene Lau sold 3,994 shares of SMAR for $172,181 on Jul 05 ’24. The Chief Legal Officer now owns 16,567 shares after completing the transaction at $43.11 per share. On Jun 28 ’24, another insider, Branstetter Stephen Robert, who serves as the Chief Operating Officer of the company, sold 4,272 shares for $44.42 each. As a result, the insider received 189,762 and left with 63,795 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 6716478464 and an Enterprise Value of 6079180800. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.69 while its Price-to-Book (P/B) ratio in mrq is 10.51. Its current Enterprise Value per Revenue stands at 6.07 whereas that against EBITDA is -71.834.
Stock Price History:
The Beta on a monthly basis for SMAR is 0.74, which has changed by 0.14864862 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SMAR has reached a high of $49.42, while it has fallen to a 52-week low of $35.52. The 50-Day Moving Average of the stock is 14.66%, while the 200-Day Moving Average is calculated to be 14.69%.
Shares Statistics:
According to the various share statistics, SMAR traded on average about 1.49M shares per day over the past 3-months and 1587610 shares per day over the past 10 days. A total of 136.88M shares are outstanding, with a floating share count of 131.70M. Insiders hold about 4.80% of the company’s shares, while institutions hold 89.49% stake in the company. Shares short for SMAR as of 1719532800 were 2083643 with a Short Ratio of 1.40, compared to 1717113600 on 2490311. Therefore, it implies a Short% of Shares Outstanding of 2083643 and a Short% of Float of 1.55.
