Samsara Inc (IOT) Down -3.35% From Its 52-Week High, But Growth Potential Is Changing Over Time

Samsara Inc (NYSE:IOT) currently has a daily average trading volume of 3.93M but it saw 3211139 shares traded in last market. With a market cap of 22.51B USD, the company’s current market price of $40.86 came falling about -0.99 while comparing to the previous closing price of $41.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $42.28 and as low as $21.48. In the recent trading on the day, stock has struck highest price mark of $40.5603 while lowest mark touched by it was $41.9626.

Taking a look at 20-day trading activity of Samsara Inc (IOT) gives us an average price of $38.29, while its current price level is -3.35% below from 52-week high level whereas it is 90.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $35.60 while that of 200 days or SMA-200 reads an average of $34.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.08% during that period while stretching the period over a month that increases to 5.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.53 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which initiated the stock as “Buy” in its note to investors issued on June 20, 2024, recommending a price target of $37 for it. FBN Securities also issued its recommendations for the stock as it initiated the price target for the stock is $30.

Over the week, IOT’s stock price is moving 4.02% up while it is 15.39% when we observe its performance for the past one month. Year-to-date it is 22.41% up and over the past year, the stock is showing an upside performance of 70.75%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.01 beat the consensus estimate of -0.02 for the same. The company is expected to be releasing its next quarterly report on 2024-Sep-05, for which analysts forecasted an EPS of 0.01 while estimate for next year EPS is 0.13. In next quarter, company is expected to be making quarterly sales of $308.83M as analysts are expecting the sales for current fiscal year at $1.21B and seeing the company making $1.52B in sales next year. Moreover, analysts are in estimates of $289.54M for current-quarter revenue.

Currently, Samsara Inc’s total number of outstanding shares is 200.99M with 3.26% of that held by the insiders while 87.97% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -27.58% and return on equity (ROE) at -29.80%. It has a 171.06 of forward P/E ratio. Stock’s beta reads 1.50. Stock has a price to book (P/B) ratio of 24.36 while price to sale or P/S ratio amounts to 22.20. Its return on asset (ROA) is -16.44% on average.