Samsara Inc (NYSE: IOT) Shares Could Drop Up To -24.59%

In the last trading session, 4.89 million shares of the Samsara Inc (NYSE:IOT) were traded, and its beta was 1.63. Most recently the company’s share price was $33.71, and it changed around $2.36 or 7.53% from the last close, which brings the market valuation of the company to $18.56B. IOT currently trades at a discount to its 52-week high of $40.54, offering almost -20.26% off that amount. The share price’s 52-week low was $16.63, which indicates that the current value has risen by an impressive 50.67% since then. We note from Samsara Inc’s average daily trading volume that its 3-month average coming to 3.88 million.

Samsara Inc (NYSE:IOT) trade information

Instantly IOT has showed a green trend with a performance of 7.53% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 0.99% year-to-date, but still up 8.95% over the last five days. On the other hand, Samsara Inc (NYSE:IOT) is -9.14% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $25.25, which translates to bulls needing to decrease their stock price by -33.5% from its current value. Analyst projections state that IOT is forecast to be at a low of $15 and a high of $42.

Samsara Inc (IOT) estimates and forecasts

Samsara Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.72 percent over the past six months and at a 71.43% annual growth rate that is well above the industry average of 20.60%. The year-over-year growth rate is expected to be 27.50%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $272.43 million in revenue for the current quarter. 13 analysts expect Samsara Inc to make $287.25 million in revenue for the quarter ending Jul 2024.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.47%.