The trading price of Super Micro Computer Inc (NASDAQ:SMCI) closed higher on Tuesday, March 04, and closing at $39.14, 8.51% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 17.08. 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 37.24% in value.
Super Micro Computer Inc, whose market valuation is $23.23 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.53 per share this quarter, however they have predicted annual earnings per share of 2.59 for current year and 3.75 for next year.
Analysts have forecast the company to bring in revenue of 5.42B for the current quarter, with the likely lows of 5B and highs of 5.66B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 23.95B.
On the technical side, indicators suggest SMCI has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% 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 0.63, which symbolizes a positive outlook. A quick review shows that SMCI’s price is currently -11.16% off the SMA20 and 7.18% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.06, and weekly volatility stands at 15.67%. When measured over the past 30 days, the indicator reaches 12.94%. Super Micro Computer Inc (NASDAQ:SMCI)’s beta value is currently sitting at 1.17, while the Average True Range indicator is currently displaying 5.76. 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 36.13% off the estimated low and -155.49% 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 -14.97% 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 8.51% in the latest trading, and -54.81% in the past year, while HP Inc. (HPQ) has traded -2.50%% on the day and positioned 0.55% higher than it was a year ago. Another comparable company Intel Corp. (INTC) saw its stock close -6.20%% lower in the most recent trading session but was down -50.58% in a year. Super Micro Computer Inc has a P/E ratio of 17.08, compared to HP Inc.’s 10.52 and Intel Corp.’s 0.
An evaluation of the daily trading volume of Super Micro Computer Inc (NASDAQ:SMCI) indicates that the 3-month average is 72.32 million.
Currently, records show that 593.48 million of the company’s shares remain outstanding. The insiders hold 14.43% of outstanding shares, whereas institutions hold 51.73%. However, since the stock’s price has seen 28.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
