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Is Smartsheet Inc (SMAR) a Stock to Watch After Losing -13.61% This Week?

Tuesday, January 11, 2022 01:38 PM | InvestorsObserver Analysts

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Is Smartsheet Inc (SMAR) a Stock to Watch After Losing -13.61% This Week?

Smartsheet Inc (SMAR) stock is lower by 13.61% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Smartsheet Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SMAR!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SMAR Stock Today?

Smartsheet Inc (SMAR) stock is trading at $63.34 as of 1:37 PM on Tuesday, Jan 11, a rise of $2.09, or 3.41% from the previous closing price of $61.25. The stock has traded between $60.22 and $63.79 so far today. Volume today is less active than usual. So far 649,007 shares have traded compared to average volume of 1,773,646 shares.

More About Smartsheet Inc

Smartsheet Inc provides a cloud-based platform for work execution, that enables teams and organizations to plan, capture, manage, automate, and report on work at a scale which results in more efficient processes and better business outcomes. It provides various services such as Streamline Facilities Management, Manages Customer Experiences, Manages Budget and planning, and other related services. The company generates a majority of its revenue from subscriptions. Geographically, it operates in the United States, EMEA, Asia, and Americas other than the United States. Generating, a majority of its revenue from the United States. Click Here to get the full Stock Report for Smartsheet Inc stock.

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