In last trading session, SMART Global Holdings Inc (NASDAQ:SGH) saw 0.81 million shares changing hands with its beta currently measuring 1.68. Company’s recent per share price level of $23.17 trading at $0.41 or 1.80% at ring of the bell on the day assigns it a market valuation of $1.23B. That closing price of SGH’s stock is at a discount of -28.66% from its 52-week high price of $29.81 and is indicating a premium of 45.36% from its 52-week low price of $12.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.14 million shares which gives us an average trading volume of 1.05 million if we extend that period to 3-months.
For SMART Global Holdings Inc (SGH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.4 in the current quarter.
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SMART Global Holdings Inc (NASDAQ:SGH) trade information
Upright in the green during last session for gaining 1.80%, in the last five days SGH remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $23.17 price level, adding 7.21% to its value on the day. SMART Global Holdings Inc’s shares saw a change of 22.40% in year-to-date performance and have moved -2.89% in past 5-day. SMART Global Holdings Inc (NASDAQ:SGH) showed a performance of -0.04% in past 30-days. Number of shares sold short was 5.56 million shares which calculate 3.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 27.75 to the stock, which implies a rise of 16.5% to its current value. Analysts have been projecting 27 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would drop -16.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.53% for stock’s current value.
SMART Global Holdings Inc (SGH) estimates and forecasts
Statistics highlight that SMART Global Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 5.17% of value to its shares in past 6 months, showing an annual growth rate of -49.21% while that of industry is -7.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -17.80% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 325M for the same. And 4 analysts are in estimates of company making revenue of 329.45M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -49.21% while estimates for its earnings growth in next 5 years are of -11.99%.
SGH Dividends
SMART Global Holdings Inc is more likely to be releasing its next quarterly report 2024-Oct-10 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.
SMART Global Holdings Inc (NASDAQ:SGH)’s Major holders
Insiders are in possession of 2.08% of company’s total shares while institution are holding 108.14 percent of that, with stock having share float percentage of 110.44%. Investors also watch the number of corporate investors in a company very closely, which is 108.14% institutions for SMART Global Holdings Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SGH for having 8.42 million shares of worth $221.72 million. And as of 2024-03-31, it was holding 16.1903 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.04 million shares on 2024-03-31. The number of shares represents firm’s hold over 13.5269 of outstanding shares, having a total worth of $185.25 million.
On the other hand, iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.39 shares of worth $78.51 million or 6.40% of the total outstanding shares. The later fund manager was in possession of 2.87 shares on Apr 30, 2024 , making its stake of worth around $66.47 million in the company or a holder of 5.42% of company’s stock.
