In the latest trading session, 2.9 million Super Micro Computer Inc (NASDAQ:SMCI) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $423.37 changing hands around $3.63 or 0.86% at last look, the market valuation stands at $24.79B. SMCI’s current price is a discount, trading about -190.29% off its 52-week high of $1229.00. The share price had its 52-week low at $226.59, which suggests the last value was 46.48% up since then. When we look at Super Micro Computer Inc’s average trading volume, we note the 10-day average is 7.84 million shares, with the 3-month average coming to 7.93 million.

Analysts gave the Super Micro Computer Inc (SMCI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.29. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended SMCI as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Super Micro Computer Inc’s EPS for the current quarter is expected to be 7.51.

Super Micro Computer Inc (NASDAQ:SMCI) trade information

Instantly SMCI is in green as seen in intraday trades today. With action -9.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 48.94%, with the 5-day performance at -9.14% in the red. However, in the 30-day time frame, Super Micro Computer Inc (NASDAQ:SMCI) is -5.67% down. Looking at the short shares, we see there were 8.72 million shares sold at short interest cover period of 0.96 days.

The consensus price target for the stock as assigned by Wall Street analysts is 600, meaning bulls need an upside of 29.44% from its recent market value. According to analyst projections, SMCI’s forecast low is 250 with 1350 as the target high. To hit the forecast high, the stock’s price needs a -218.87% plunge from its current level, while the stock would need to tank 40.95% for it to hit the projected low.

Super Micro Computer Inc (SMCI) estimates and forecasts

Data shows that the Super Micro Computer Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -59.18% over the past 6 months, a 51.65% in annual growth rate that is considerably higher than the industry average of 27.00%. Year-over-year growth is forecast to reach 87.50% up from the last financial year.

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 6.46B. 12 analysts are of the opinion that Super Micro Computer Inc’s revenue for the current quarter will be 6.91B. The company’s revenue for the corresponding quarters a year ago was 2.06B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 212.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 70.59%. The 2024 estimates are for Super Micro Computer Inc earnings to increase by 51.34%, but the outlook for the next 5-year period is at 62.40% per year.

SMCI Dividends

Super Micro Computer Inc is expected to release its next quarterly earnings report on 2024-Oct-30.

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

If we look at who the major shareholders are, we find that insiders hold 14.36% of Super Micro Computer Inc shares while 56.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.55%. There are 56.99% institutions holding the Super Micro Computer Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.5558% of the shares, roughly 5.96 million SMCI shares worth $4.88 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1135% or 4.02 million shares worth $3.29 billion as of 2024-06-30.