Super Micro Computer Inc (NASDAQ:SMCI) – Investors View The Stock Differently Today

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In the last trading session, 4.14 million shares of the Super Micro Computer Inc (NASDAQ:SMCI) were traded, and its beta was 1.29. Most recently the company’s share price was $1009.91, and it changed around -$27.24 or -2.63% from the last close, which brings the market valuation of the company to $59.13B. SMCI currently trades at a discount to its 52-week high of $1229.00, offering almost -21.69% off that amount. The share price’s 52-week low was $93.19, which indicates that the current value has risen by an impressive 90.77% since then. We note from Super Micro Computer Inc’s average daily trading volume that its 10-day average is 6.32 million shares, with the 3-month average coming to 10.86 million.

Super Micro Computer Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended SMCI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Super Micro Computer Inc is expected to report earnings per share of $5.84 for the current quarter.

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Super Micro Computer Inc (NASDAQ:SMCI) trade information

Instantly SMCI has showed a red trend with a performance of -2.63% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 255.28% year-to-date, but still down -3.15% over the last five days. On the other hand, Super Micro Computer Inc (NASDAQ:SMCI) is 11.53% up in the 30-day period. We can see from the shorts that 4.03 million shares have been sold at a short interest cover period of 0.29 day(s).

The consensus price target as assigned by Wall Street analysts is $633.33, which translates to bulls needing to decrease their stock price by -59.46% from its current value. Analyst projections state that SMCI is forecast to be at a low of $250 and a high of $1350.

Super Micro Computer Inc (SMCI) estimates and forecasts

Super Micro Computer Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 268.28 percent over the past six months and at a 87.55% annual growth rate that is well above the industry average of 25.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 258.30% in revenue this quarter, and will report an increase of 105.10% in the next quarter. The year-over-year growth rate is expected to be 105.80%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $4.01 billion in revenue for the current quarter. 11 analysts expect Super Micro Computer Inc to make $4.91 billion in revenue for the quarter ending Jun 2024. Forecasts for the next quarter put sales growth at 124.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 66.82%. Super Micro Computer Inc earnings are expected to increase by 86.07% in 2024, but the outlook is positive 48.20% per year for the next five years.

SMCI Dividends

Super Micro Computer Inc’s next quarterly earnings report is expected to be released around April 30 and May 06.

Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 14.35% of Super Micro Computer Inc shares, and 68.64% of them are in the hands of institutional investors. The stock currently has a share float of 80.14%. Super Micro Computer Inc stock is held by 895 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 10.97% of the shares, which is about 5.47 million shares worth $1.36 billion.

Vanguard Group Inc, with 9.67% or 4.83 million shares worth $1.2 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 1.43 million shares worth $391.63 million, making up 2.86% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.4 million shares worth around $347.92 million, which represents about 2.80% of the total shares outstanding.