Super Micro Computer Inc (NASDAQ:SMCI) has a beta value of 1.30 and has seen 1.74 million shares traded in the recent trading session. The company, currently valued at $54.55B, closed the recent trade at $931.66 per share which meant it lost -$16.36 on the day or -1.73% during that session. The SMCI stock price is -31.92% off its 52-week high price of $1229.00 and 90.0% above the 52-week low of $93.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.39 million shares traded. The 3-month trading volume is 11.07 million shares.
Super Micro Computer Inc (NASDAQ:SMCI) trade information
Sporting -1.73% in the red today, the stock has traded in the red over the last five days, when the SMCI stock price touched $931.66 or saw a rise of 11.87%. Year-to-date, Super Micro Computer Inc shares have moved 227.75%, while the 5-day performance has seen it change -10.17%. Over the past 30 days, the shares of Super Micro Computer Inc (NASDAQ:SMCI) have changed -19.67%. Short interest in the company has seen 4.03 million shares shorted with days to cover at 0.29.
Super Micro Computer Inc (SMCI) estimates and forecasts
Figures show that Super Micro Computer Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 223.94% over the past 6 months, with this year growth rate of 87.55%, compared to 25.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 258.30% and 104.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 105.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of $4.01 billion for the current quarter. 11 have an estimated revenue figure of $4.91 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 66.82% over the past 5 years. Earnings growth for 2024 is a modest 86.02% while over the next 5 years, the company’s earnings are expected to increase by 48.20%.
SMCI Dividends
Super Micro Computer Inc is expected to release its next earnings report between April 30 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Insiders own 14.35% of the company shares, while shares held by institutions stand at 68.53% with a share float percentage of 80.01%. Investors are also buoyed by the number of investors in a company, with Super Micro Computer Inc having a total of 904 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 5.47 million shares worth more than $1.36 billion. As of Jun 29, 2023, Blackrock Inc. held 10.97% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 4.83 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.2 billion and represent 9.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 2.86% shares in the company for having 1.43 million shares of worth $391.63 million while later fund manager owns 1.4 million shares of worth $347.92 million as of Jun 29, 2023, which makes it owner of about 2.80% of company’s outstanding stock.
