In last trading session, Super Micro Computer Inc (NASDAQ:SMCI) saw 4.12 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $908.54 trading at $4.34 or 0.48% at ring of the bell on the day assigns it a market valuation of $53.20B. That closing price of SMCI’s stock is at a discount of -35.27% from its 52-week high price of $1229.00 and is indicating a premium of 89.74% from its 52-week low price of $93.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.79 million shares which gives us an average trading volume of 11.03 million if we extend that period to 3-months.
Super Micro Computer Inc (NASDAQ:SMCI) trade information
Upright in the green during last session for gaining 0.48%, in the last five days SMCI remained trading in the red while hitting it’s week-highest on Thursday, 04/04/24 when the stock touched $908.54 price level, adding 14.06% to its value on the day. Super Micro Computer Inc’s shares saw a change of 219.62% in year-to-date performance and have moved -10.54% in past 5-day. Super Micro Computer Inc (NASDAQ:SMCI) showed a performance of -15.89% in past 30-days. Number of shares sold short was 3.1 million shares which calculate 0.34 days to cover the short interests.
Super Micro Computer Inc (SMCI) estimates and forecasts
Statistics highlight that Super Micro Computer Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 213.29% of value to its shares in past 6 months, showing an annual growth rate of 87.55% while that of industry is 25.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 258.30% in the current quarter and calculating 104.80% increase in the next quarter. This year revenue growth is estimated to rise 105.80% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.01 billion for the same. And 11 analysts are in estimates of company making revenue of $4.91 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 66.82% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 86.02% while estimates for its earnings growth in next 5 years are of 48.20%.
SMCI Dividends
Super Micro Computer Inc is more likely to be releasing its next quarterly report between April 30 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Insiders are in possession of 14.35% of company’s total shares while institution are holding 68.54 percent of that, with stock having share float percentage of 80.02%. Investors also watch the number of corporate investors in a company very closely, which is 68.54% institutions for Super Micro Computer Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SMCI for having 5.47 million shares of worth $1.36 billion. And as of Jun 29, 2023, it was holding 10.97% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 4.83 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.67% of outstanding shares, having a total worth of $1.2 billion.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.43 million shares of worth $391.63 million or 2.86% of the total outstanding shares. The later fund manager was in possession of 1.4 million shares on Jun 29, 2023, making its stake of worth around $347.92 million in the company or a holder of 2.80% of company’s stock.
