Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Smartsheet Inc.’s current trading price is -5.80% away from its 52-week high, while its distance from the 52-week low is 83.94%. The stock’s price range during this period has varied between $25.09 and $48.99. The company, active in the Technology sector, saw a trading volume of around 1.94 million for the day, considerably higher average daily volume of 1.22 million observed over the last three months.
Currently, the stock price of Smartsheet Inc. (SMAR) is $46.15. In the most recent trading session, the stock underwent a significant upswing, peaking at $48.43 after opening at $48.20. The stock touched a low of $46.03 before closing at $47.41.
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Smartsheet Inc. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $48.99 on 03/23/23, while the lowest price during the same period was $25.09 on 11/07/22.
How Financial Performance Impacts Market Capitalization
Smartsheet Inc. (SMAR) has experienced a quarterly rise of 7.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.24B and boasts a workforce of 3191 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 43.56, with a change in price of +6.79. Similarly, Smartsheet Inc. recorded 1,262,480 in trading volume during the last 100 days, posting a change of +17.25%.
How SMAR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SMAR stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
SMAR Stock Stochastic Average
As of today, the raw stochastic average of Smartsheet Inc. over the last 50 days is at 72.27%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 74.37%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.03% and 83.52%, respectively.
SMAR Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 17.25%. However, over the past six months, we’ve seen a weaker performance of 66.43%. The price of SMAR fallen by 12.53% over the last 30 days. And in the last five days, it has fallen by -3.09%.
