Samsara Inc (NYSE:IOT) shares, rose in value on Wednesday, March 26, with the stock price down by -2.21% to the previous day’s close as strong demand from buyers drove the stock to $41.67.
Actively observing the price movement in the last trading, the stock closed the session at $42.61, falling within a range of $41.13 and $42.75. The value of beta (5-year monthly) was 1.632. Referring to stock’s 52-week performance, its high was $61.90, and the low was $27.14. On the whole, IOT has fluctuated by -16.68% over the past month.
With the market capitalization of Samsara Inc currently standing at about $22.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-05.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of IOT currently trading nearly 2.64% and -11.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.05, while the 7-day volatility ratio is showing 3.39% which for the 30-day chart, stands at 5.41%. Furthermore, Samsara Inc (IOT)’s beta value is 1.66, and its average true range (ATR) is 2.29.
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 -2.21% in last session, and over the past year, it grew by 12.32%%.
Data on historical trading for Samsara Inc (NYSE:IOT) indicates that the trading volumes over the past 10 days have averaged 5.13 and over the past 3 months, they’ve averaged 3.83 million. According to company’s latest data on outstanding shares, there are 295.84 million shares outstanding.
Nearly 53.64% of Samsara Inc’s shares belong to company insiders and institutional investors own 41.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.08 million shares as on 2025-03-14, resulting in a short ratio of 1.94. According to the data, the short interest in Samsara Inc (IOT) stood at 471.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 12.08 million. The stock has fallen by -4.62% 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.
