Super Micro Computer Inc (NASDAQ:SMCI) shares, rose in value, with the stock price down by -32.68% to the previous day’s close as strong demand from buyers drove the stock to $33.07.
Actively observing the price movement in the last trading, the stock closed the session at $49.12, falling within a range of $32.2 and $38.0. The value of beta (5-year monthly) was 1.231 whereas the PE ratio was 16.62 over 12-month period. Referring to stock’s 52-week performance, its high was $122.90, and the low was $22.66. On the whole, SMCI has fluctuated by -18.45% over the past month.
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With the market capitalization of Super Micro Computer Inc currently standing at about $19.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.85B, with a low estimate of 6B and a high estimate of 6.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.45B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SMCI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.31, with the price of SMCI currently trading nearly -28.01% and -28.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.51, while the 7-day volatility ratio is showing 7.01% which for the 30-day chart, stands at 7.13%. Furthermore, Super Micro Computer Inc (SMCI)’s beta value is 1.23, and its average true range (ATR) is 3.93.
A comparison of Super Micro Computer Inc (SMCI) with its peers suggests the former has fared considerably weaker in the market. SMCI showed an intraday change of -32.68% in last session, and over the past year, it grew by 39.76%%.
Data on historical trading for Super Micro Computer Inc (NASDAQ:SMCI) indicates that the trading volumes over the past 10 days have averaged 53.5 and over the past 3 months, they’ve averaged 72.46 million. According to company’s latest data on outstanding shares, there are 585.57 million shares outstanding.
Nearly 14.54% of Super Micro Computer Inc’s shares belong to company insiders and institutional investors own 54.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 100.84 million shares as on 2024-10-15, resulting in a short ratio of 1.58. According to the data, the short interest in Super Micro Computer Inc (SMCI) stood at 2259.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 87.17 million. The stock has risen by 16.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMCI stock heading into the next quarter.
