SMAR Stock Summary and Trading Ideas (Smartsheet Class A | NYSE:SMAR)

Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.

Smartsheet Class A trades on the NYSE stock market under the symbol SMAR.

As of December 3, 2024, SMAR stock price declined to $56.02 with 776,637 million shares trading.

SMAR has a beta of 0.56, meaning it tends to be less sensitive to market movements. SMAR has a correlation of 0.03 to the broad based SPY ETF.

SMAR has a market cap of $7.79 billion. This is considered a Mid Cap stock.

Last quarter Smartsheet Class A reported $276 million in Revenue and $.44 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.15.

In the last 3 years, SMAR traded as high as $80.89 and as low as $25.09.

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

SMAR has underperformed the market in the last year with a price return of +25.9% while the SPY ETF gained +32.9%. However, in the short term, SMAR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.8% vs +7.3% return in SPY. But in the last 2 weeks, SMAR shares have been beat by the market, returning +0.3% compared to an SPY return of +2.5%.

SMAR support price is $55.98 and resistance is $56.22 (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 SMAR shares will trade within this expected range on the day.