Super Micro Computer Inc (NASDAQ:SMCI)’s traded shares stood at 23.56 million during the last session, with the company’s beta value hitting 1.23. At the close of trading, the stock’s price was $46.23, to imply an increase of 1.92% or $0.87 in intraday trading. The SMCI share’s 52-week high remains $122.90, putting it -165.84% down since that peak but still an impressive 50.98% since price per share fell to its 52-week low of $22.66. The company has a valuation of $27.07B, with an average of 37.95 million shares in intraday trading volume over the past 10 days and average of 74.05 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Super Micro Computer Inc (SMCI), translating to a mean rating of 2.21. Of 10 analyst(s) looking at the stock, 0 analyst(s) give SMCI a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.75.
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Super Micro Computer Inc (NASDAQ:SMCI) trade information
After registering a 1.92% upside in the last session, Super Micro Computer Inc (SMCI) has traded red over the past five days. The 5-day price performance for the stock is -2.85%, and 0.91% over 30 days. With these gigs, the year-to-date price performance is 62.63%. Short interest in Super Micro Computer Inc (NASDAQ:SMCI) saw shorts transact 94.85 million shares and set a 1.24 days time to cover.
The extremes give us $250 and $1350 for target low and target high price respectively. As such, SMCI has been trading -2820.18% off suggested target high and -440.77% from its likely low.
Super Micro Computer Inc (SMCI) estimates and forecasts
Looking at statistics comparing Super Micro Computer Inc share performance against respective industry, we note that the company has outperformed competitors. Super Micro Computer Inc (SMCI) shares are -41.29% down over the last 6 months, with its year-to-date growth rate higher than industry average at 51.58% against 27.00%. Revenue is forecast to grow 120.60% this quarter before jumping 48.20% for the next one. The rating firms project that company’s revenue will grow 86.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 6.45B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 6.92B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 70.58% for the past 5-year period. While 2024 is set for a 51.98% return in earnings, projections for the next 5 years are at 37.50% annually.
SMCI Dividends
Super Micro Computer Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Super Micro Computer Inc insiders hold 14.36% of total outstanding shares, with institutional holders owning 56.90% of the shares at 66.44% float percentage. In total, 56.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 5.96 million shares (or 10.5558% of shares), all amounting to roughly $4.88 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.02 million shares, or about 7.1135% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.29 billion.
