Samsara ($IOT) Soars Sky High: A Whopping +24.87% Monthly Gain! 🚀📈
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🌟 Spotlight on Samsara:
Samsara (IOT) is making headlines in the Packaged Software industry by charting an impressive +24.87% growth for the month, marking its spot at $31.58/share. Amid a pool of 902 stocks analyzed by A.I.dvisor in the software realm, we're observing a slightly bearish sentiment with 54.69% in a Downtrend.
📊 Financials at a Glance:
A noteworthy earnings report unveiled on August 31 showcased an EPS of 0 cents – triumphing over the estimated -1 cent. Boasting 1.01M shares in the market, Samsara now claims a market cap of a staggering 16.35B.
🔍 Industry Overview:
The realm of Packaged Software centers on multiple software utilities bundled and sold as a cohesive unit. Giants like Microsoft, Oracle, and Adobe have been trailblazers in this domain, offering consumers a cost-efficient approach to software acquisition.
📈 Market Dynamics:
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Market Cap Dynamics:
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With an average industry market cap at 8.51B, MSFT leads the brigade at 2.48T. Meanwhile, BLGI stands at the industry's lower end at 291.
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Price Performance:
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The Packaged Software sector witnessed an average weekly dip of -2%. Interestingly, the monthly growth remained stagnant at 0%, but the quarterly insights brought forth an encouraging 10% rise. EXOD bagged the highest price accolade with 150%, while HKIT took a harrowing -92% nosedive.
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Volume Metrics:
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On the volume front, weekly averages scaled up by 3%. However, monthly and quarterly averages depict a descending trend at -30% and -24%, respectively.
📜 Fundamental Analysis:
- Valuation Rating: 52
- P/E Growth Rating: 72
- Price Growth Rating: 61
- SMR Rating: 83
- Profit Risk Rating: 89
- Seasonality Score: -20
💡 Recent Performance & Outlook:
In the past week, IOT rose by +4.24% with a substantial daily volume of 299,463 shares. Despite facing a -10.34% drawdown, optimism blooms as future price projections place IOT at a tantalizing target of $41.23, suggesting a promising 34.90% ROI.
🔮 Verdict:
Samsara's remarkable surge has undoubtedly piqued investor interest. While the broader Packaged Software landscape portrays a mixed bag of trends, Samsara stands as a beacon of growth potential. As always, investors should tread with insight and foresight in this dynamic market.
Stay connected for more updates! 🌐🔔
IOT sees MACD Histogram crosses below signal line
IOT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 15, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 16 instances where the indicator turned negative. In of the 16 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IOT as a result. In of 28 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
IOT moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IOT entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for IOT crossed bullishly above the 50-day moving average on September 05, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where IOT advanced for three days, in of 106 cases, the price rose further within the following month. The odds of a continued upward trend are .
IOT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IOT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (13.495) is normal, around the industry mean (21.026). P/E Ratio (0.000) is within average values for comparable stocks, (152.725). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (15.873) is also within normal values, averaging (74.081).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry PackagedSoftware
IOT and
Correlation & Price change
A.I.dvisor indicates that over the last year, IOT has been loosely correlated with MDB. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if IOT jumps, then MDB could also see price increases.
| Ticker / NAME | Correlation To IOT | 1D Price Change % | ||
|---|---|---|---|---|
| IOT | 100% | -0.30% | ||
| MDB - IOT | 63% Loosely correlated | -2.40% | ||
| CFLT - IOT | 60% Loosely correlated | -4.09% | ||
| COIN - IOT | 59% Loosely correlated | -1.71% | ||
| ESTC - IOT | 57% Loosely correlated | -1.63% | ||
| BRZE - IOT | 56% Loosely correlated | -1.55% | ||
More | ||||