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 November 1, 2024, IOT stock price declined to $46.22 with 2,756,996 million shares trading.

IOT has a beta of 1.74, meaning it tends to be more sensitive to market movements. IOT has a correlation of 0.16 to the broad based SPY ETF.

IOT has a market cap of $25.72 billion. This is considered a Large Cap stock.

Last quarter Samsara Class A reported $300 million in Revenue and $.05 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.04.

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 +106.9%, while the SPY ETF gained +36.8%. In the last 3 month period, IOT beat the market returning +26.1%, while SPY returned +5.5%. However, in the most recent 2 weeks IOT has underperformed the stock market by returning -7.6%, while SPY returned -2.3%.

IOT support price is $46.62 and resistance is $48.96 (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.