SMART Global Holdings Inc. (NASDAQ:SGH)’s traded shares stood at 0.3 million during the last session, with the company’s beta value hitting 0.97. At the close of trading, the stock’s price was $44.07, to imply a decrease of -1.43% or -$0.64 in intraday trading. The SGH share’s 52-week high remains $58.39, putting it -32.49% down since that peak but still an impressive 45.86% since price per share fell to its 52-week low of $23.86. The company has a valuation of $1.05B, with an average of 0.25 million shares in intraday trading volume over the past 10 days and average of 522.80K shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for SMART Global Holdings Inc. (SGH), translating to a mean rating of 1.70. Of 6 analyst(s) looking at the stock, 0 analyst(s) give SGH a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.6.
SMART Global Holdings Inc. (NASDAQ:SGH) trade information
After registering a -1.43% downside in the last session, SMART Global Holdings Inc. (SGH) has traded red over the past five days. The stock hit a weekly high of 45.82 this Friday, 10/08/21, dropping -1.43% in its intraday price action. The 5-day price performance for the stock is -2.67%, and -8.63% over 30 days. With these gigs, the year-to-date price performance is 17.11%. Short interest in SMART Global Holdings Inc. (NASDAQ:SGH) saw shorts transact 1.79 million shares and set a 6.11 days time to cover.
Analysts on Wall Street suggest a consensus price target of $69.00, implying an increase of 36.13% to the stock’s current value. The extremes give us $60.00 and $75.00 for target low and target high price respectively. As such, SGH has been trading -70.18% off suggested target high and -36.15% from its likely low.
SMART Global Holdings Inc. (SGH) estimates and forecasts
Revenue is forecast to grow 95.10% this quarter before jumping 91.00% for the next one. The rating firms project that company’s revenue will grow 33.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $461.3 million. Meanwhile, for the quarter ending Nov 2021, a total of 6 analyst(s) estimate revenue growth to $458.55 million.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 53.70% for the past 5-year period. While 2021 is set for a -102.20% return in earnings, projections for the next 5 years are at 36.06% annually.
SMART Global Holdings Inc. has its next earnings report out between January 03 and January 07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. SMART Global Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
SMART Global Holdings Inc. (NASDAQ:SGH)’s Major holders
SMART Global Holdings Inc. insiders hold 5.36% of total outstanding shares, with institutional holders owning 109.45% of the shares at 115.64% float percentage. In total, 109.45% institutions holds shares in the company, led by Silver Lake Group, LLC. As of Mar 30, 2021, the company held over 7.17 million shares (or 28.93% of shares), all amounting to roughly $329.81 million.
The next major institution holding the largest number of shares is Ameriprise Financial, Inc. with 2.47 million shares, or about 9.98% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $113.78 million.
We also have Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and iShares Core S&P Smallcap ETF as the top two Mutual Funds with the largest holdings of the SMART Global Holdings Inc. (SGH) shares. Going by data provided on Feb 27, 2021, Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund holds roughly 1.11 million shares. This is just over 4.48% of the total shares, with a market valuation of $51.82 million. Data from the same date shows that the other fund manager holds a little less at 0.94 million, or 3.81% of the shares, all valued at about 44.72 million.