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 -23.69% away from its 52-week high, while its distance from the 52-week low is 8.65%. The stock’s price range during this period has varied between $37.09 and $52.81. The company, active in the Technology sector, saw a trading volume of around 2.68 million for the day, considerably higher average daily volume of 1.21 million observed over the last three months.
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 $52.81 on 06/07/23, while the lowest price during the same period was $37.09 on 06/23/23.
How Financial Performance Impacts Market Capitalization
Smartsheet Inc (SMAR) has experienced a quarterly decline of -8.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.49B 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 43.73, with a change in price of -2.49. Similarly, Smartsheet Inc recorded 1,248,005 in trading volume during the last 100 days, posting a change of -5.82%.
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 0.10. Similarly, the long-term debt-to-equity ratio is also 0.07.
SMAR Stock Stochastic Average
As of today, the raw stochastic average of Smartsheet Inc over the last 50 days is at 2.98%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 4.58%. Further, the company’s Stochastic %K and %D values for the last 20 days were 13.14% and 15.65%, 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 decrease of -15.73%. However, over the past six months, we’ve seen a stronger performance of -7.21%. The price of SMAR leaped by -10.00% over the last 30 days. And in the last five days, it has fallen by -3.57%.
