Samsara Inc (NYSE: IOT): Is It A Gold Mine Or A Disaster In The Making?

In today’s recent session, 0.86 million shares of the Samsara Inc (NYSE:IOT) have been traded, and its beta is 1.45. Most recently the company’s share price was $29.33, and it changed around -$0.09 or -0.31% from the last close, which brings the market valuation of the company to $16.16B. IOT at last check was trading at a discount to its 52-week high of $42.28, offering almost -44.15% off that amount. The share price’s 52-week low was $21.48, which indicates that the recent value has risen by an impressive 26.76% since then. We note from Samsara Inc’s average daily trading volume that its 3-month average coming to 3.85 million.

Samsara Inc (NYSE:IOT) trade information

Instantly IOT has been showing red trend so far today with a performance of -0.31% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -12.13% year-to-date, but still up 3.71% over the last five days. On the other hand, Samsara Inc (NYSE:IOT) is -25.69% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $36.13, which translates to bulls needing to increase their stock price by 18.82% from its current value. Analyst projections state that IOT is forecast to be at a low of $17 and a high of $47.

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 fallen -13.20 percent over the past six months and at a 85.71% annual growth rate that is well above the industry average of 23.90%. The year-over-year growth rate is expected to be 29.50%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 289.6M in revenue for the current quarter. 13 analysts expect Samsara Inc to make 308.84M in revenue for the current ending quarter.

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

IOT Dividends

Samsara Inc’s next quarterly earnings report is expected to be released in July.