Smartsheet Stock Today

SMAR Stock  USD 38.40  0.30  0.79%   

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Odds Of Distress

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Smartsheet is selling at 38.40 as of the 28th of March 2024; that is 0.79 percent increase since the beginning of the trading day. The stock's lowest day price was 37.96. Smartsheet has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Smartsheet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
27th of April 2018
Category
Technology
Classification
Information Technology
Smartsheet Inc. provides cloud-based enterprise platform to plan, capture, manage, automate, and report on work for teams and organizations. The company was incorporated in 2005 and is based in Bellevue, Washington. Smartsheet Inc operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. The company has 137.42 M outstanding shares of which 3.04 M shares are at this time shorted by private and institutional investors with about 2.71 trading days to cover. More on Smartsheet

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Smartsheet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Smartsheet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Smartsheet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMark Mader
Business ConcentrationApplication Software, Software - Application, Information Technology, NYSE Composite, BEL Small, BEL All Share, ISE Cloud Computing, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Smartsheet report their recommendations after researching Smartsheet's financial statements, talking to executives and customers, or listening in on Smartsheet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Smartsheet. The Smartsheet consensus assessment is calculated by taking the average forecast from all of the analysts covering Smartsheet.
Financial Strength
Based on the key indicators related to Smartsheet's liquidity, profitability, solvency, and operating efficiency, Smartsheet is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of Smartsheet is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.750.7165
Sufficiently Up
Slightly volatile
Gross Profit Margin0.870.8055
Significantly Up
Slightly volatile
Total Current Liabilities730.6 M695.9 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total39.8 M35.8 M
Moderately Up
Slightly volatile
Total Assets694.9 M1.3 B
Way Down
Slightly volatile
Total Current Assets471.9 M931.9 M
Way Down
Slightly volatile
Smartsheet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Smartsheet's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Smartsheet's financial leverage. It provides some insight into what part of Smartsheet's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Smartsheet's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Smartsheet deploys its capital and how much of that capital is borrowed.
Liquidity
Smartsheet cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 49.81 M in liabilities with Debt to Equity (D/E) ratio of 0.15, which may suggest the company is not taking enough advantage from borrowing. Smartsheet has a current ratio of 1.31, which is within standard range for the sector. Debt can assist Smartsheet until it has trouble settling it off, either with new capital or with free cash flow. So, Smartsheet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Smartsheet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Smartsheet to invest in growth at high rates of return. When we think about Smartsheet's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(28.43 Million)
Smartsheet (SMAR) is traded on New York Stock Exchange in USA. It is located in 500 108th Avenue NE, Bellevue, WA, United States, 98004 and employs 29 people. Smartsheet is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.24 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Smartsheet's market, we take the total number of its shares issued and multiply it by Smartsheet's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Smartsheet conducts business under Software sector and is part of Information Technology industry. The entity has 137.42 M outstanding shares of which 3.04 M shares are at this time shorted by private and institutional investors with about 2.71 trading days to cover. Smartsheet currently holds about 455.66 M in cash with 157.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.49.
Check Smartsheet Probability Of Bankruptcy
Ownership Allocation
Smartsheet maintains a total of 137.42 Million outstanding shares. The majority of Smartsheet outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Smartsheet to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Smartsheet. Please pay attention to any change in the institutional holdings of Smartsheet as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Smartsheet Ownership Details

Smartsheet Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Smartsheet jumping above the current price in 90 days from now is roughly 97.0%. The Smartsheet probability density function shows the probability of Smartsheet stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.7489. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Smartsheet will likely underperform. Additionally, smartsheet has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 38.4HorizonTargetOdds Above 38.4
3.31%90 days
 38.40 
96.66%
Based on a normal probability distribution, the odds of Smartsheet to move above the current price in 90 days from now is roughly 97.0 (This Smartsheet probability density function shows the probability of Smartsheet Stock to fall within a particular range of prices over 90 days) .

Smartsheet Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Smartsheet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Smartsheet's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Smartsheet's value.
InstituionRecorded OnShares
Goldman Sachs Group Inc2023-12-31
2.6 M
Dorsey Asset Management, Llc2023-12-31
2.5 M
Capital Research Global Investors2023-12-31
2.3 M
State Street Corporation2023-12-31
2.3 M
Arrowmark Colorado Holdings, Llc (arrowmark Partners)2023-12-31
2.2 M
First Trust Advisors L.p.2023-12-31
2.1 M
Timessquare Capital Management, Llc2023-12-31
2.1 M
Geode Capital Management, Llc2023-12-31
M
Alkeon Capital Management, Llc2023-12-31
1.8 M
Vanguard Group Inc2023-12-31
13.6 M
Capital World Investors2023-12-31
10.5 M
View Smartsheet Diagnostics

Smartsheet Historical Income Statement

Smartsheet Income Statement is one of the three primary financial statements used for reporting Smartsheet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Smartsheet revenue and expense. Smartsheet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Smartsheet's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/28/2024, Income Tax Expense is likely to grow to about 8.9 M, though Interest Expense is likely to grow to (7.6 M). View More Fundamentals

Smartsheet Stock Against Markets

Picking the right benchmark for Smartsheet stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Smartsheet stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Smartsheet is critical whether you are bullish or bearish towards Smartsheet at a given time. Please also check how Smartsheet's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Smartsheet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Smartsheet Corporate Management

Elected by the shareholders, the Smartsheet's board of directors comprises two types of representatives: Smartsheet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Smartsheet. The board's role is to monitor Smartsheet's management team and ensure that shareholders' interests are well served. Smartsheet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Smartsheet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kara HamiltonChief People and Culture OfficerProfile
Eric BrowneCoFounder ManagementProfile
Magdalena YesilIndependent DirectorProfile
Aaron TurnerDirector RelationsProfile
Nigel MendoncaVice President - Asia PacificProfile

How to buy Smartsheet Stock?

Before investing in Smartsheet, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Smartsheet. To buy Smartsheet stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Smartsheet. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Smartsheet stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Smartsheet stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Smartsheet stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Smartsheet, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Smartsheet Stock please use our How to Invest in Smartsheet guide.

Already Invested in Smartsheet?

The danger of trading Smartsheet is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Smartsheet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Smartsheet. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Smartsheet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Smartsheet is a strong investment it is important to analyze Smartsheet's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Smartsheet's future performance. For an informed investment choice regarding Smartsheet Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smartsheet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Smartsheet Stock, please use our How to Invest in Smartsheet guide.
Note that the Smartsheet information on this page should be used as a complementary analysis to other Smartsheet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Smartsheet Stock analysis

When running Smartsheet's price analysis, check to measure Smartsheet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.
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Is Smartsheet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Smartsheet. If investors know Smartsheet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Smartsheet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.78)
Revenue Per Share
7.125
Quarterly Revenue Growth
0.21
Return On Assets
(0.06)
Return On Equity
(0.19)
The market value of Smartsheet is measured differently than its book value, which is the value of Smartsheet that is recorded on the company's balance sheet. Investors also form their own opinion of Smartsheet's value that differs from its market value or its book value, called intrinsic value, which is Smartsheet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smartsheet's market value can be influenced by many factors that don't directly affect Smartsheet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Smartsheet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smartsheet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smartsheet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.