IOT Stock Summary and Trading Ideas (Samsara Class A | NYSE:IOT)

Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.

Samsara Class A trades on the NYSE stock market under the symbol IOT.

As of December 11, 2024, IOT stock price climbed to $46.40 with 4,369,744 million shares trading.

IOT has a beta of 1.87, meaning it tends to be more sensitive to market movements. IOT has a correlation of 0.17 to the broad based SPY ETF.

IOT has a market cap of $25.82 billion. This is considered a Large Cap stock.

Last quarter Samsara Class A reported $322 million in Revenue and $.07 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.03.

The top ETF exchange traded funds that IOT belongs to (by Net Assets): VTI, VB, VXF, VBK, VGT.

IOT has outperformed the market in the last year with a return of +37.8%, while the SPY ETF gained +33.5%. However, in the most recent history, IOT shares have underperformed the stock market with its stock returning -1.9% in the last 3 month period and -16.2% for the last 2 week period, while SPY has returned +11.0% and +1.1%, respectively.

IOT support price is $43.99 and resistance is $46.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IOT shares will trade within this expected range on the day.