Smartsheet Inc. (NYSE: SMAR) is -2.64% lower on its value in year-to-date trading and has touched a low of $25.09 and a high of $58.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMAR stock was last observed hovering at around $39.74 in the last trading session, with the day’s loss setting it -1.42% off its average median price target of $46.00 for the next 12 months. It is also 32.77% off the consensus price target high of $57.00 offered by 22 analysts, but current levels are -6.44% lower than the price target low of $36.00 for the same period.
Currently trading at $38.32, the stock is -12.12% and -10.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -3.57% at the moment leaves the stock 6.36% off its SMA200. SMAR registered -17.41% loss for a year compared to 6-month gain of -4.56%.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
The stock witnessed a -8.37% loss in the last 1 month and extending the period to 3 months gives it a 2.46%, and is -14.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.62% over the week and 4.25% over the month.
Smartsheet Inc. (SMAR) has around 2539 employees, a market worth around $5.47B and $712.00M in sales. Profit margin for the company is -31.70%. Distance from 52-week low is 52.73% and -34.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.70%).
Smartsheet Inc. (SMAR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Smartsheet Inc. (SMAR) is a “Buy”. 22 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 0 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Smartsheet Inc. is expected to release its quarterly report on 06/07/2023.The EPS is expected to shrink by -42.90% this year.
Smartsheet Inc. (SMAR) Top Institutional Holders
The shares outstanding are 130.63M, and float is at 126.81M with Short Float at 2.83%.
Smartsheet Inc. (SMAR) Insider Activity
A total of 88 insider transactions have happened at Smartsheet Inc. (SMAR) in the last six months, with sales accounting for 27 and purchases happening 61 times. The most recent transaction is an insider sale by Marshall Jolene Lau,the company’sChief Legal Officer. SEC filings show that Marshall Jolene Lau sold 2,221 shares of the company’s common stock on Feb 16 at a price of $44.47 per share for a total of $98768.0. Following the sale, the insider now owns 9535.0 shares.
Smartsheet Inc. disclosed in a document filed with the SEC on Feb 01 that Marshall Jolene Lau (Chief Legal Officer) sold a total of 1,600 shares of the company’s common stock. The trade occurred on Feb 01 and was made at $42.41 per share for $67856.0. Following the transaction, the insider now directly holds 9535.0 shares of the SMAR stock.
Still, SEC filings show that on Dec 14, Godbole Pete (CFO & Treasurer) disposed off 2,256 shares at an average price of $41.36 for $93308.0. The insider now directly holds 18,229 shares of Smartsheet Inc. (SMAR).
Smartsheet Inc. (SMAR): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading -1.38% down over the past 12 months and Microsoft Corporation (MSFT) that is -6.88% lower over the same period. Alphabet Inc. (GOOG) is -27.76% down on the 1-year trading charts.