Smartsheet Inc (SMAR) average volume reaches $4.17M: Is Wall Street expecting a rally?

Smartsheet Inc (NYSE: SMAR) kicked off on Friday, down -0.09% from the previous trading day, before settling in for the closing price of $56.12. Over the past 52 weeks, SMAR has traded in a range of $35.52-$56.55.

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During the last 5-year period, the sales growth of Technology Sector giant was 40.36%. While this was happening, its average annual earnings per share was recorded 69.22%. With a float of $129.41 million, this company’s outstanding shares have now reached $139.30 million.

Let’s determine the extent of company efficiency that accounts for 3330 employees. In terms of profitability, gross margin is 81.68%, operating margin of -3.65%, and the pretax margin is -0.71%.

Smartsheet Inc (SMAR) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Smartsheet Inc is 7.57%, while institutional ownership is 84.45%. The most recent insider transaction that took place on Nov 15 ’24, was worth 179,224. In this transaction Chief Legal Officer of this company sold 3,205 shares at a rate of $55.92, taking the stock ownership to the 18,695 shares. Before that another transaction happened on Nov 15 ’24, when Company’s Officer proposed sale 3,205 for $55.92, making the entire transaction worth $179,224.

Smartsheet Inc (SMAR) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 69.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.44% during the next five years compared to -3.72% drop over the previous five years of trading.

Smartsheet Inc (NYSE: SMAR) Trading Performance Indicators

Take a look at Smartsheet Inc’s (SMAR) current performance indicators. Last quarter, stock had a quick ratio of 1.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.24. Likewise, its price to free cash flow for the trailing twelve months is 35.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.07, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.61 in one year’s time.

Technical Analysis of Smartsheet Inc (SMAR)

Looking closely at Smartsheet Inc (NYSE: SMAR), its last 5-days average volume was 2.32 million, which is a jump from its year-to-date volume of 2.2 million. As of the previous 9 days, the stock’s Stochastic %D was 72.76%. Additionally, its Average True Range was 0.19.

During the past 100 days, Smartsheet Inc’s (SMAR) raw stochastic average was set at 96.18%, which indicates a significant increase from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.81% in the past 14 days, which was lower than the 22.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $55.92, while its 200-day Moving Average is $46.57. However, in the short run, Smartsheet Inc’s stock first resistance to watch stands at $56.12. Second resistance stands at $56.17. The third major resistance level sits at $56.21. If the price goes on to break the first support level at $56.03, it is likely to go to the next support level at $55.99. Should the price break the second support level, the third support level stands at $55.94.

Smartsheet Inc (NYSE: SMAR) Key Stats

The company with the Market Capitalisation of 7.84 billion has total of 138,951K Shares Outstanding. Its annual sales at the moment are 958,340 K in contrast with the sum of -104,630 K annual income. Company’s last quarter sales were recorded 276,410 K and last quarter income was 7,860 K.