Super Micro Computer Inc (NASDAQ:SMCI) price on Thursday, May 22, fall -0.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $41.32.
A look at the stock’s price movement, the close in the last trading session was $41.65. The PE ratio in trailing twelve months stood at 22.81. Turning to its 52-week performance, $101.40 and $17.25 were the 52-week high and 52-week low respectively. Overall, SMCI moved 25.59% over the past month.
Super Micro Computer Inc’s market cap currently stands at around $24.66 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMCI is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
10 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 3 analyst(s) rate the stock as a Hold, 7 recommend SMCI 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.
The technical evaluation for the stock shows the PEG ratio is 1.02, with SMCI’s current price about 10.51% and 14.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.42, while 7-day volatility ratio is 1.57% and 6.19% in the 30-day chart. Further, Super Micro Computer Inc (SMCI) has a beta value of 1.41, and an average true range (ATR) of 3.06. Analysts have given the company’s stock an average 52-week price target of $36.5, forecast between a low of $34 and high of $59. Looking at the price targets, the low is 17.72% off current price level while to achieve the yearly target high, price needs to move -42.79%. Nonetheless, investors will most likely welcome a 11.67% jump to $36.5 which is the analysts’ median price.
If we refocus on Super Micro Computer Inc (NASDAQ:SMCI), historical trading data shows that trading volumes averaged 63.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 596.77 million shares.
The 14.19% of Super Micro Computer Inc’s shares are in the hands of company insiders while institutional holders own 51.16% of the company’s shares. Current price change has pushed the stock 35.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMCI stock continues to rise going into the next quarter.
