Smartsheet Inc. (SMAR) Stock: A Strong Pick In The Tech Industry?


Smartsheet Inc. (SMAR) is trending up in the market today. The stock, focused on the technology industry, is presently priced at $40.65 after heading up 5.01% so far today. As it relates to technology companies, there are a number of factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines relating to SMAR:

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Oct-30-19 01:22PM Wall Streets #1 Analyst Says Buy These 3 Strong Buy Stocks
Oct-25-19 11:36AM 3 Top Stock Picks From the Streets Best Analysts
Oct-17-19 09:30AM Is Smartsheet (SMAR) Outperforming Other Computer and Technology Stocks This Year?
09:00AM Smartsheet Sponsors the First Annual TIME 100 Health Summit
Oct-14-19 10:16PM Hedge Funds Have Never Been This Bullish On Smartsheet Inc. (SMAR)

Nonetheless, when making a decision to invest, investors should look at much more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happing when it comes to Smartsheet Inc..

Recent Movement From SMAR

Although a move toward the top in a single session, like what we’re seeing from Smartsheet Inc. may lead to excitement in some investors, that by itself should not be the reason for a decision to, or not to, invest in a stock. It’s generally a good idea to look at trends further out than a single trading session. In the case of SMAR, here are the returns that we’ve seen:

  • Past 5 Sessions – In the past seven days, SMAR has produced a change in price in the amount of 16.81%.
  • Past 30 Days – The monthly returns from Smartsheet Inc. comes to 12.11%.
  • Past Three Months – Throughout the past three months, the company has generated a return that comes to -18.68%
  • Bi-Annually – In the last 6 months, investors have seen a performance that equates to -2.68% from the company.
  • YTD – Since the close of last year SMAR has produced a return on investment of 63.52%.
  • Full Year – Finally, throughout the past year, we’ve seen performance amounting to 79.95% from SMAR. In this period, the stock has sold at a high price of -27.14% and a low price of 99.85%.

Important Ratios

Looking at a few ratios having to do with a stock can provide prospective investors a look of how risky and/or rewarding a an investment option might be. Below are a few of the most important ratios to consider when digging into SMAR.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is going to fall. Throughout the sector, strong technology stocks tend to have a lower short ratio. However, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Smartsheet Inc., it’s short ratio amounts to 3.49.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can cover its debts as they mature with only current assets or quick assets. Because in tech, many companies are heavily reliant on continued support from investors as they work to bring new technologies to market, these ratios can be damning. However, several better companies in the technology sector come with strong current and quick ratios. When it comes to SMAR, the quick and current ratios add up to 3.50 and 3.50 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price of the stock. when it comes to Smartsheet Inc., that ratio works out to 4.81.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value comes to 4.81.

Big Money And Smartsheet Inc.

One thing that I’ve learned in my brief time in existence is that good investors tend to follow big money players. So, investors that are trying to keep their investments relatively safe will keep their eyes on investments made by institutions as well as insiders of the company. So, is big money interested in regard to SMAR? Here’s what’s going on:

Institutions own 94.80% of the company. Institutional interest has moved by 0.01% over the past three months. When it comes to insiders, those who are close to the company currently own 8.10% percent of SMAR shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Say About Smartsheet Inc.

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts when validating your own due diligence before making investment decisions in the technology sector. Here are the recent moves that we have seen from analysts with regard to SMAR.

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Oct-10-19 Initiated Berenberg Buy $48
Aug-22-19 Resumed Stephens Overweight $55
Aug-02-19 Initiated Wedbush Outperform
Jul-11-19 Reiterated Needham Buy $45 → $60
Apr-12-19 Initiated Needham Buy $45

Financial Performance

What have ween seen from SMAR in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – At the moment, Wall Street analysts have expectations that the company will report earnings per diluted share that totals up to be -0.53, with -0.18 being reported in the report for the current quarter. Although this data is not tide to earnings, since we are talking about analysts, Smartsheet Inc. is currently rated a 1.60 when rated on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Over the past 5 years, Smartsheet Inc. has reported a change in revenue in the amount of 0. EPS over the past half decade have experienced a change of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly explained in the human world, Smartsheet Inc. has experienced a earnings change by -42.90%. Smartsheet Inc. has also experienced a change with regard to sales volume that adds up to 52.40%.

Looking At Share Counts

Investors tend to like to know the total numbers of shares both available and outstanding. As it relates to Smartsheet Inc., there are currently 116.57M and there is a float of 82.80M. This means that out of the total of 116.57M shares of SMAR that are out there today, 82.80M are able to be traded in the public realm.

I also like to look at the short percent. Think about it, if a high percentage of the float is shorted, the overall opinion in the market is that the stock is headed for a steep decline. When it comes to SMAR, the percentage of the float that is sold short is 10.13%. In general, concerning short percent of the float is anything over 40%. Through my work, I have found that a short percent of the float over 26% is probably going to be a play that comes with hefty risk.

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