Where Will Smartsheet Inc (SMAR) Stock Go Next After It Is Up 8.42% in a Week?

Smartsheet Inc (SMAR) stock has risen 8.42% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Smartsheet Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SMAR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SMAR Stock Today?

Smartsheet Inc (SMAR) stock is trading at $52.13 as of 11:33 AM on Tuesday, Jun 6, an increase of $2.84, or 5.76% from the previous closing price of $49.29. The stock has traded between $49.05 and $52.52 so far today. Volume today is below average. So far 819,869 shares have traded compared to average volume of 1,155,551 shares. To screen for more stocks like Smartsheet Inc click here.

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 that 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 the Americas other than the United States. Generating, a majority of its revenue is from the United States. Click Here to get the full Stock Report for Smartsheet Inc stock.