Smartsheet Inc (NYSE: SMAR) – Time For Strategy Change?

Smartsheet Inc (NYSE:SMAR) currently has a daily average trading volume of 3.99M but it saw 1929513 shares traded in last market. With a market cap of 7.79B USD, the company’s current market price of $55.94 came rising about 0.09 while comparing to the previous closing price of $55.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $56.55 and as low as $35.52. In the recent trading on the day, stock has struck highest price mark of $55.85 while lowest mark touched by it was $55.94.

Taking a look at 20-day trading activity of Smartsheet Inc (SMAR) gives us an average price of $56.07, while its current price level is -1.08% below from 52-week high level whereas it is 57.49% 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 $55.18 while that of 200 days or SMA-200 reads an average of $45.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.20% during that period while stretching the period over a month that increases to 0.32%. 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 57.99 which implies that the stock is in neutral territory.

Over the week, SMAR’s stock price is moving 0.14% up while it is 0.14% when we observe its performance for the past one month. Year-to-date it is 16.98% up and over the past year, the stock is showing an upside performance of 33.96%.

Currently, Smartsheet Inc’s total number of outstanding shares is 136.88M. Company’s return on investment (ROI) stands at -6.08% and return on equity (ROE) at -7.01%. It has a 35.45 of forward P/E ratio. Stock’s beta reads 0.71. Stock has a price to book (P/B) ratio of 11.55 while price to sale or P/S ratio amounts to 7.48. Its return on asset (ROA) is -3.36% on average.