While Similarweb Ltd has overperformed by 2.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SMWB rose by 153.94%, with highs and lows ranging from $12.99 to $4.58, whereas the simple moving average jumped by 49.70% in the last 200 days.
On October 21, 2024, Needham started tracking Similarweb Ltd (NYSE: SMWB) recommending Buy. A report published by Northland Capital on September 10, 2024, Initiated its previous ‘Outperform’ rating for SMWB. Citigroup also Upgraded SMWB shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated February 15, 2024. Jefferies Initiated an Buy rating on February 07, 2024, and assigned a price target of $10. Citigroup January 12, 2023d its ‘Buy’ rating to ‘Neutral’ for SMWB, as published in its report on January 12, 2023. Cantor Fitzgerald’s report from May 24, 2022 suggests a price prediction of $17 for SMWB shares, giving the stock a ‘Overweight’ rating. Barclays also rated the stock as ‘Overweight’.
Analysis of Similarweb Ltd (SMWB)
Further, the quarter-over-quarter increase in sales is 18.01%, showing a positive trend in the upcoming months.
One of the most important indicators of Similarweb Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -49.24% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.69, 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.
For any stock, average volume can also provide valuable insight into volatility, and SMWB is recording 338.38K average volume. On a monthly basis, the volatility of the stock is set at 4.71%, whereas on a weekly basis, it is put at 4.51%, with a gain of 2.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.71, showing growth from the present price of $12.57, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 48.37%. 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 26.56% 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 26.56% at present.
