In recent trading session, Smartsheet Inc (NYSE:SMAR) saw 1.33 million shares changing hands at last check today with its beta currently measuring 0.74. Company’s recent per share price level of $53.81 trading at $4.46 or 9.04% at last check today assigns it a market valuation of $7.44B. That most recent trading price of SMAR’s stock is at a premium of 4.44% from its 52-week high price of $51.42 and is indicating a premium of 33.99% from its 52-week low price of $35.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.54 million shares which gives us an average trading volume of 1.42 million if we extend that period to 3-months.

For Smartsheet Inc (SMAR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.48. Splitting up the data highlights that, out of 17 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.29 in the current quarter.

Smartsheet Inc (NYSE:SMAR) trade information

Upright in the green today for gaining 9.04%, in the last five days SMAR remained trading in the green while hitting it’s week-highest on Friday, 09/06/24 when the stock touched $53.81 price level, adding 0.19% to its value on the day. Smartsheet Inc’s shares saw a change of 12.53% in year-to-date performance and have moved 10.11% in past 5-day. Smartsheet Inc (NYSE:SMAR) showed a performance of 20.54% in past 30-days. Number of shares sold short was 1.63 million shares which calculate 1.28 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 56 to the stock, which implies a rise of 3.91% to its recent value today. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 25.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.66% for stock’s current value.

Smartsheet Inc (SMAR) estimates and forecasts

Statistics highlight that Smartsheet Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 28.76% of value to its shares in past 6 months, showing an annual growth rate of 48.24% while that of industry is 16.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.90% from the last financial year’s standing.

18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 287.79M for the same. And 18 analysts are in estimates of company making revenue of 296.64M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -3.72% during past 5 years.

Smartsheet Inc (NYSE:SMAR)’s Major holders

Insiders are in possession of 2.94% of company’s total shares while institution are holding 90.69 percent of that, with stock having share float percentage of 93.44%. Investors also watch the number of corporate investors in a company very closely, which is 90.69% institutions for Smartsheet Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SMAR for having 14.18 million shares of worth $624.99 million. And as of 2024-06-30, it was holding 10.3171 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 8.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.1736 of outstanding shares, having a total worth of $373.99 million.