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 20, 2024, IOT stock price climbed to $44.32 with 4,883,582 million shares trading.

IOT has a beta of 1.93, meaning it tends to be more sensitive to market movements. IOT has a correlation of 0.20 to the broad based SPY ETF.

IOT has a market cap of $24.87 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.

In the last 3 years, IOT traded as high as $57.51 and as low as $8.42.

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 +33.8%, while the SPY ETF gained +27.8%. However, in the most recent history, IOT shares have underperformed the stock market with its stock returning -10.3% in the last 3 month period and -15.2% for the last 2 week period, while SPY has returned +4.4% and -2.4%, respectively.

IOT support price is $41.27 and resistance is $44.07 (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.