The trading price of Super Micro Computer Inc (NASDAQ:SMCI) closed higher on Friday, December 06, and closing at $43.93, 6.78% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $41.34 and $44.97. The company’s P/E ratio in the trailing 12-month period was 22.07, while its 5Y monthly beta was 1.279. In examining the 52-week price action we see that the stock hit a 52-week high of $122.90 and a 52-week low of $17.25. Over the past month, the stock has gained 93.52% in value.
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Super Micro Computer Inc, whose market valuation is $27.47 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.75 per share this quarter, however they have predicted annual earnings per share of 2.82 for current year and 3.75 for next year.
Analysts have forecast the company to bring in revenue of 5.95B for the current quarter, with the likely lows of 5.95B and highs of 5.95B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 24.98B.
On the technical side, indicators suggest SMCI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SMCI a recommendation rating is 10. Out of them, 3 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Super Micro Computer Inc (SMCI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.59, which symbolizes a positive outlook. A quick review shows that SMCI’s price is currently 42.99% off the SMA20 and 18.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.12, and weekly volatility stands at 12.89%. When measured over the past 30 days, the indicator reaches 11.77%. Super Micro Computer Inc (NASDAQ:SMCI)’s beta value is currently sitting at 1.28, while the Average True Range indicator is currently displaying 4.39. With analysts defining $25-$100 as the low and high price targets, we arrive at a consensus price target of $45 for the trailing 12-month period. The current price is about 43.09% off the estimated low and -127.63% off the forecast high, based on this estimate. Investors will be thrilled if SMCI’s share price rises to $45, which is the median consensus price. At that level, SMCI’s share price would be -2.44% below current price.
To see how Super Micro Computer Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SMCI stock’s performance was 6.78% in the latest trading, and 73.35% in the past year. Super Micro Computer Inc has a P/E ratio of 22.07.
An evaluation of the daily trading volume of Super Micro Computer Inc (NASDAQ:SMCI) indicates that the 3-month average is 82.68 million. However, this figure has increased over the past 10 days to an average of 128.94.
Currently, records show that 585.57 million of the company’s shares remain outstanding. The insiders hold 14.41% of outstanding shares, whereas institutions hold 53.91%. The stats also highlight that short interest as of 2024-11-15, stood at 87.62 million shares, resulting in a short ratio of 1.26 at that time. From this, we can conclude that short interest is 1962.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 100.84 million. However, since the stock’s price has seen 54.54% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
