After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Smartsheet to Announce Fourth Quarter and Full Fiscal Year 2024 Financial Results on March 14, 2024.
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Stocks Info
The company is listed on the NYSE and operates within the Software – Application industry segment. The current market capitalization of Smartsheet Inc is $5.72B. A total of 0.75 million shares were traded on the day, compared to an average of 1.31M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SMAR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 89 BUYs and 46 SELLs from insiders. Insiders purchased 408,379 shares during that period but sold 343,043.
In the most recent transaction, Arntz Michael sold 225 shares of SMAR for 45.04 per share on Feb 02. After the transaction, the Chief Revenue Officer now owns 7,148 company shares. In a previous transaction on Feb 01, Arntz Michael sold 7,572 shares at 44.81 per share. SMAR shares that Chief Revenue Officer owns now total 7,148.
Among the insiders who sold shares, Marshall Jolene Lau disposed of 2,247 shares on Feb 01 at a per-share price of $45.03. This resulted in the Chief Legal Officer holding 12,129 shares of SMAR after the transaction. In another insider transaction, Arntz Michael sold 7,632 shares at $46.69 per share on Jan 02. Company shares held by the Chief Revenue Officer now total 12,733.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SMAR in the last 3 months, the mean price target is $55.98 with high estimates of $65.00 and low estimates of $45.00. In terms of 52-week highs and lows, SMAR has a high of $52.81 and a low of $37.09.
As of this writing, SMAR has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.17. The company reported an EPS of $0.16 in the last quarter, which was 128.60% higher than expectations of $0.07.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMAR’s latest balance sheet shows that the firm has $449.07M in Cash & Short Term Investments as of fiscal 2022. There were $76.24M in debt and $437.44M in liabilities at the time. Its Book Value Per Share was $4.11, while its Total Shareholder’s Equity was $504.78M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMAR is Buy with a score of 4.56.
