Samsara Inc (NYSE:IOT) shares, rose in value, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $33.89.
Actively observing the price movement in the last trading, the stock closed the session at $33.75. The value of beta (5-year monthly) was 1.55. Referring to stock’s 52-week performance, its high was $40.54, and the low was $16.63. On the whole, IOT has fluctuated by 1.62% over the past month.
With the market capitalization of Samsara Inc currently standing at about $18.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 30, 2024 – Jun 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.01, which is expected to increase to $0.02 for fiscal year $0.12 and then to about $0.22 by fiscal year 2026. Data indicates that the EPS growth is expected to be 71.40% in 2026, while the next year’s EPS growth is forecast to be 83.30%.
Analysts have estimated the company’s revenue for the quarter at $272.39 million, with a low estimate of $271.9 million and a high estimate of $273 million. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $1.2 billion, representing an increase of 27.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that IOT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IOT currently trading nearly -8.38% and -2.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.09, while the 7-day volatility ratio is showing 3.99% which for the 30-day chart, stands at 4.87%. Furthermore, Samsara Inc (IOT)’s beta value is 1.59, and its average true range (ATR) is 1.73.
A comparison of Samsara Inc (IOT) with its peers suggests the former has fared considerably weaker in the market. IOT showed an intraday change of 0.41% in last session, and over the past year, it grew by 72.38%%.
Data on historical trading for Samsara Inc (NYSE:IOT) indicates that the trading volumes over the past 10 days have averaged 3.66 million and over the past 3 months, they’ve averaged 3.90 million. According to company’s latest data on outstanding shares, there are 200.99 million shares outstanding.
Nearly 66.67% of Samsara Inc’s shares belong to company insiders and institutional investors own 26.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.73 million shares as on Mar 15, 2024, resulting in a short ratio of 2.22. According to the data, the short interest in Samsara Inc (IOT) stood at 2.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.35 million. The stock has risen by 1.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IOT stock heading into the next quarter.
