While Similarweb Ltd has underperformed by -0.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SMWB rose by 46.74%, with highs and lows ranging from $9.76 to $4.58, whereas the simple moving average jumped by 10.27% in the last 200 days.
On September 10, 2024, Northland Capital started tracking Similarweb Ltd (NYSE: SMWB) recommending Outperform. A report published by Citigroup on February 15, 2024, Upgraded its rating to ‘Buy’ for SMWB. Jefferies also rated SMWB shares as ‘Buy’, setting a target price of $10 on the company’s shares in an initiating report dated February 07, 2024. Citigroup January 12, 2023d the rating to Neutral on January 12, 2023, and set its price target from $10 to $7. Cantor Fitzgerald initiated its ‘Overweight’ rating for SMWB, as published in its report on May 24, 2022. Barclays’s report from February 23, 2022 suggests a price prediction of $22 for SMWB shares, giving the stock a ‘Overweight’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of Similarweb Ltd (SMWB)
Further, the quarter-over-quarter increase in sales is 12.96%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Similarweb Ltd’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -65.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and SMWB is recording an average volume of 219.55K. On a monthly basis, the volatility of the stock is set at 4.77%, whereas on a weekly basis, it is put at 4.82%, with a loss of -9.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.86, showing growth from the present price of $8.10, which can serve as yet another indication of whether SMWB is worth investing in or should be passed over.
How Do You Analyze Similarweb Ltd Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 51.21%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SMWB shares are owned by institutional investors to the tune of 21.97% at present.
