Sanmina Corp (NASDAQ:SANM) price on Friday, March 21, fall -0.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $78.31.
A look at the stock’s price movement, the close in the last trading session was $78.32, moving within a range at $76.935 and $78.51. The beta value (5-Year monthly) was 0.852 while the PE ratio in trailing twelve months stood at 19.14. Turning to its 52-week performance, $91.12 and $57.52 were the 52-week high and 52-week low respectively. Overall, SANM moved -11.57% over the past month.
Sanmina Corp’s market cap currently stands at around $4.25 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-26.
Analysts have a consensus estimate of 1.97B for the company’s revenue for the quarter, with a low and high estimate of 1.95B and 1.98B respectively. The average forecast suggests up to a 7.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.2B, representing a 8.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SANM is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SANM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SANM’s current price about 0.60% and -4.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.44, while 7-day volatility ratio is 2.42% and 3.13% in the 30-day chart. Further, Sanmina Corp (SANM) has a beta value of 0.99, and an average true range (ATR) of 2.38. Analysts have given the company’s stock an average 52-week price target of $62, forecast between a low of $62 and high of $62. Looking at the price targets, the low is 20.83% off current price level while to achieve the yearly target high, price needs to move 20.83%. Nonetheless, investors will most likely welcome a 20.83% jump to $62 which is the analysts’ median price.
If we refocus on Sanmina Corp (NASDAQ:SANM), historical trading data shows that trading volumes averaged 0.37 over the past 10 days and 396.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 53.87 million shares.
The 3.45% of Sanmina Corp’s shares are in the hands of company insiders while institutional holders own 98.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.13 million on 2025-02-28, giving us a short ratio of 2.27. The data shows that as of 2025-02-28 short interest in Sanmina Corp (SANM) stood at 327.0 of shares outstanding, with shares short falling to 1.17 million registered in 2025-01-31. Current price change has pushed the stock 3.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SANM stock continues to rise going into the next quarter.
