Super Micro Computer Inc (NASDAQ: SMCI) – Analysts’ Revisions Point To Positive Sentiment

Super Micro Computer Inc (NASDAQ:SMCI) traded at $33.80 at close of the session on Tuesday, December 17 and made an upward move of 1.08% on its previous day’s price.

Looking at the stock we see that its previous close was $33.44 and the beta (5Y monthly) reads 1.279 with the day’s price range being $33.345 – $35.365. The company has a trailing 12-month PE ratio of 16.98. In terms of its 52-week price range, SMCI has a high of $122.90 and a low of $17.25. The company’s stock has gained about 81.92% over that past 30 days.

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Super Micro Computer Inc has a market cap of $19.79 billion and is expected to release its quarterly earnings report in January.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 5.95B, with a low of 5.95B and a high of 5.95B. The median projection represents growth squeezing down to 180.73% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 24.96B, or 67.02% up from figures reported last year.

On the other hand, looking at the outlook for the SMCI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

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 0.45, and the current price level is -7.55% off its SMA20 and -7.36% from its 50-day simple moving average. The RSI (14) is pointing at 46.39 while the volatility over the past week is 7.76% and jumps to 11.04% over the past one month. The beta value is 1.28, while the average true range (ATR) is currently pointing at 4.03. The average price target for the stock over the next 12 months is $45, with the estimates having a low of $25 and a high of $100. These price ends are 26.04% and -195.86% off the current price level respectively, although investors could be excited at the prospect of a -33.14% if the SMCI share price touches on the median price of $45.

Coming back to Super Micro Computer Inc (NASDAQ:SMCI), we note that the average 3-month trading volume was 84.26 million, while that of the preceding 10-day period stands at 92.97 million. Current shares outstanding are 585.57 million.

The insiders hold 14.41% of the company’s shares while institutions hold 53.88%. The data shows that short shares as of 2024-11-29, stood at 89.26 million at a short ratio of 0.81. This represents a 1999.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 95.04 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 18.91% up in year-to-date price movement.

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