Look Past The Setbacks And Give Similarweb Ltd (NYSE: SMWB) Another Chance

Similarweb Ltd (NYSE:SMWB) currently has a daily average trading volume of 527.19K but it saw 2726053 shares traded in last market. With a market cap of 624.53M USD, the company’s current market price of $7.54 came rising about 3.86 while comparing to the previous closing price of $7.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.64 and as low as $5.71.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which initiated the stock as “Buy” in its note to investors issued on December 11, 2024, recommending a price target of $16 for it. Northland Capital also issued its recommendations for the stock as it initiated the price target for the stock is $15.

Over the week, SMWB’s stock price is moving 2.45% up while it is 5.60% when we observe its performance for the past one month. Year-to-date it is -46.79% down and over the past year, the stock is showing a downside performance of -6.57%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is 0.03. In next quarter, company is expected to be making quarterly sales of $73.91M as analysts are expecting the sales for current fiscal year at $286.53M and seeing the company making $330.57M in sales next year. Moreover, analysts are in estimates of $68.86M for current-quarter revenue.

Currently, Similarweb Ltd’s total number of outstanding shares is 83.54M with 14.92% of that held by the insiders while 72.23% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -32.16% and return on equity (ROE) at -83.47%. It has a 37.62 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 26.26 while price to sale or P/S ratio amounts to 2.42. Its return on asset (ROA) is -7.87% on average.