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 January 21, 2025, IOT stock price climbed to $47.22 with 2,361,519 million shares trading.

IOT has a beta of 1.85, 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 $26.50 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 price return of +45.9% while the SPY ETF gained +29.2%. However, in the short term, IOT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.0% vs +3.9% return in SPY. But in the last 2 weeks, IOT shares have fared better than the market returning +2.9% compared to SPY +1.9%.

IOT support price is $45.46 and resistance is $48.28 (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.