In last trading session, Super Micro Computer Inc (NASDAQ:SMCI) saw 47.67 million shares changing hands with its beta currently measuring 1.23. Company’s recent per share price level of $47.58 trading at -$1.17 or -2.39% at ring of the bell on the day assigns it a market valuation of $27.86B. That closing price of SMCI’s stock is at a discount of -158.3% from its 52-week high price of $122.90 and is indicating a premium of 52.37% from its 52-week low price of $22.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 57.0 million shares which gives us an average trading volume of 75.75 million if we extend that period to 3-months.
For Super Micro Computer Inc (SMCI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.25. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.75 in the current quarter.
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Super Micro Computer Inc (NASDAQ:SMCI) trade information
Upright in the red during last session for losing -2.39%, in the last five days SMCI remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $47.58 price level, adding 5.99% to its value on the day. Super Micro Computer Inc’s shares saw a change of 67.40% in year-to-date performance and have moved 2.40% in past 5-day. Super Micro Computer Inc (NASDAQ:SMCI) showed a performance of 8.92% in past 30-days. Number of shares sold short was 94.85 million shares which calculate 1.24 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 600 to the stock, which implies a rise of 92.07% to its current value. Analysts have been projecting 250 as a low price target for the stock while placing it at a high target of 1350. It follows that stock’s current price would drop -425.43% in reaching the projected high whereas dropping to the targeted low would mean a loss of -425.43% for stock’s current value.
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 lost -48.75% of value to its shares in past 6 months, showing an annual growth rate of 51.58% while that of industry is 27.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 86.40% 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 6.45B for the same. And 11 analysts are in estimates of company making revenue of 6.92B in the next quarter.
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 70.58% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 49.98% while estimates for its earnings growth in next 5 years are of 37.50%.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Insiders are in possession of 14.36% of company’s total shares while institution are holding 56.93 percent of that, with stock having share float percentage of 66.47%. Investors also watch the number of corporate investors in a company very closely, which is 56.93% institutions for Super Micro Computer Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SMCI for having 5.96 million shares of worth $4.88 billion. And as of 2024-06-30, it was holding 10.5558 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.02 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.1135 of outstanding shares, having a total worth of $3.29 billion.
