Samsara Inc (NYSE:IOT) shares, rose in value on Thursday, December 12, with the stock price up by 0.06% to the previous day’s close as strong demand from buyers drove the stock to $46.43.
Actively observing the price movement in the last trading, the stock closed the session at $46.40, falling within a range of $45.72 and $46.59. The value of beta (5-year monthly) was 1.521. Referring to stock’s 52-week performance, its high was $57.51, and the low was $27.14. On the whole, IOT has fluctuated by -11.29% over the past month.
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With the market capitalization of Samsara Inc currently standing at about $26.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.24B, with a low estimate of 334.7M and a high estimate of 336M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 335.35M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IOT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of IOT currently trading nearly -11.06% and -7.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.24, while the 7-day volatility ratio is showing 4.65% which for the 30-day chart, stands at 3.99%. Furthermore, Samsara Inc (IOT)’s beta value is 1.53, and its average true range (ATR) is 2.14.
A comparison of Samsara Inc (IOT) with its peers suggests the former has fared considerably weaker in the market. IOT showed an intraday change of 0.06% in last session, and over the past year, it grew by 35.84%%.
Data on historical trading for Samsara Inc (NYSE:IOT) indicates that the trading volumes over the past 10 days have averaged 4.74 and over the past 3 months, they’ve averaged 3.14 million. According to company’s latest data on outstanding shares, there are 268.85 million shares outstanding.
Nearly 60.05% of Samsara Inc’s shares belong to company insiders and institutional investors own 38.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.58 million shares as on 2024-11-15, resulting in a short ratio of 5.34. According to the data, the short interest in Samsara Inc (IOT) stood at 561.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 13.87 million. The stock has risen by 39.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IOT stock heading into the next quarter.
