Similarweb Ltd (NYSE:SMWB) price on current trading day, fall -1.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.80.
A look at the stock’s price movement, the close in the last trading session was $13.04, moving within a range at $12.68 and $13.41. The beta value (5-Year monthly) was 0.837. Turning to its 52-week performance, $13.28 and $4.58 were the 52-week high and 52-week low respectively. Overall, SMWB moved 39.28% over the past month.
Similarweb Ltd’s market cap currently stands at around $1.09 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 65.48M for the company’s revenue for the quarter, with a low and high estimate of 65M and 66M respectively. The average forecast suggests up to a 15.38% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 249.75M, representing a 14.55% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMWB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend SMWB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMWB’s current price about 6.49% and 26.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.21, while 7-day volatility ratio is 4.74% and 5.02% in the 30-day chart. Further, Similarweb Ltd (SMWB) has a beta value of 1.03, and an average true range (ATR) of 0.53. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $14 and high of $16. Looking at the price targets, the low is -9.37% off current price level while to achieve the yearly target high, price needs to move -25.0%. Nonetheless, investors will most likely welcome a -17.19% jump to $15 which is the analysts’ median price.
If we refocus on Similarweb Ltd (NYSE:SMWB), historical trading data shows that trading volumes averaged 0.64 over the past 10 days and 360.16K over the past 3 months. The company’s latest data on shares outstanding shows there are 81.66 million shares.
The 48.37% of Similarweb Ltd’s shares are in the hands of company insiders while institutional holders own 31.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.27 million on 2024-10-31, giving us a short ratio of 1.81. The data shows that as of 2024-10-31 short interest in Similarweb Ltd (SMWB) stood at 77.0 of shares outstanding, with shares short rising to 0.26 million registered in 2024-09-30. Current price change has pushed the stock 140.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMWB stock continues to rise going into the next quarter.
