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Is Samsara Inc. (NYSE: IOT) Still A Good Investment?

Samsara Inc. (NYSE:IOT) traded at $12.31 at close of the session on Tuesday, 09/20/22, made a downward move of -0.65% on its previous day’s price.

Looking at the stock we see that its previous close was $12.39 with the day’s price range being $12.13 – $12.51. In terms of its 52-week price range, IOT has a high of $31.41 and a low of $8.72. The company’s stock has lost about -22.72% over that past 30 days.

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Samsara Inc. has a market cap of $6.42 billion and is expected to release its quarterly earnings report on Aug 13, 2018 – Aug 17, 2018. Estimates by analysts give the company expected earnings per share (EPS) of -$0.07, with the EPS growth for the year raised at -$0.24 for 2023 and -$0.19 for next year. These figures represent 42.90% and 20.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $143 million, with a low of $141.2 million and a high of $144 million. The median projection represents growth squeezing down to 41.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $594.77 million, or 38.90% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Samsara Inc. (IOT) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -10.87% off its SMA20 and -15.81% from its 50-day simple moving average. The RSI (14) is pointing at 36.11 while the volatility over the past week is 6.66% and jumps to 6.59% over the past one month. The average price target for the stock over the next 12 months is $19.13, with the estimates having a low of $16.00 and a high of $22.00. These price ends are -29.98% and -78.72% off the current price level respectively, although investors could be excited at the prospect of a -54.35% if the IOT share price touches on the median price of $19.00.

Coming back to Samsara Inc. (NYSE:IOT), we note that the average 3-month trading volume was 1.48 million, while that of the preceding 10-day period stands at 2.32 million. Current shares outstanding are 511.76 million.

The insiders hold 4.10% of the company’s shares while institutions hold 69.10%. The data shows that short shares as of Jul 14, 2022, stood at 8.29 million at a short ratio of 4.42. This represents a 1.63% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 9.83 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -56.21% down in year-to-date price movement.

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