Super Micro Computer Inc (NASDAQ: SMCI) Drops -4.50%, Turning Investors Away

CTK Stock

Super Micro Computer Inc (NASDAQ:SMCI) traded at $748.00 at last check on Wednesday, July 24, made a downward move of -4.50% on its previous day’s price.

Looking at the stock we see that its previous close was $783.22 . The company has a trailing 12-month PE ratio of 41.98. In terms of its 52-week price range, SMCI has a high of $1229.00 and a low of $226.59. The company’s stock has lost about -9.55% over that past 30 days.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Super Micro Computer Inc has a market cap of $43.80 billion.

Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Super Micro Computer Inc (SMCI) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the SMCI stock currently stands at 0.67, and the most recent price level today is -11.90% off its SMA20 and -11.49% from its 50-day simple moving average. The RSI (14) is pointing at 34.95 while the volatility over the past week is 5.74% and jumps to 6.25% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 53.68. The average price target for the stock over the next 12 months is $960, with the estimates having a low of $250 and a high of $1500. These price ends are 66.58% and -100.53% off the today’s price level respectively, although investors could be excited at the prospect of a -28.34% if the SMCI share price touches on the median price of $960.

Coming back to Super Micro Computer Inc (NASDAQ:SMCI), we note that the average 3-month trading volume was 6.39 million, while that of the preceding 10-day period stands at 5.81 million. Current shares outstanding are 52.90 million.

The insiders hold 14.27% of the company’s shares while institutions hold 58.96%. The data shows that short shares as of 2024-06-28, stood at 4.6 million at a short ratio of 0.67. This represents a 10.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.3110.31 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 4.06 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 163.14% up in year-to-date price movement.

Most Popular