During the last session, Super Micro Computer Inc (NASDAQ:SMCI)’s traded shares were 117.44 million, with the beta value of the company hitting 1.25. At the end of the trading day, the stock’s price was $29.70, reflecting an intraday gain of 15.12% or $3.9. The 52-week high for the SMCI share is $122.90, that puts it down -313.8 from that peak though still a striking 41.92% gain since the share price plummeted to a 52-week low of $17.25. The company’s market capitalization is $17.39B, and the average intraday trading volume over the past 10 days was 102.75 million shares, and the average trade volume was 80.14 million shares over the past three months.
Super Micro Computer Inc (SMCI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. SMCI has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.75.
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Super Micro Computer Inc (NASDAQ:SMCI) trade information
Super Micro Computer Inc (SMCI) registered a 15.12% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 15.12% in intraday trading to $29.70, hitting a weekly high. The stock’s 5-day price performance is 64.91%, and it has moved by -34.52% in 30 days. Based on these gigs, the overall price performance for the year is 2.47%. The short interest in Super Micro Computer Inc (NASDAQ:SMCI) is 95.04 million shares and it means that shorts have 1.7 day(s) to cover.
The consensus price target of analysts on Wall Street is $375, which implies an increase of 92.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $1350 respectively. As a result, SMCI is trading at a discount of -4445.45% off the target high and 15.82% off the low.
Super Micro Computer Inc (SMCI) estimates and forecasts
Statistics show that Super Micro Computer Inc has outperformed its competitors in share price, compared to the industry in which it operates. Super Micro Computer Inc (SMCI) shares have gone down -64.95% during the last six months, with a year-to-date growth rate more than the industry average at 49.77% against 29.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 119.45% this quarter and then jump 12.52% in the quarter after that. In the rating firms’ projections, revenue will increase 67.17% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.95B as predicted by 6 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 5.77B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.12B and 3.66B respectively. In this case, analysts expect current quarter sales to grow by 180.73% and then jump by 57.45% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 70.58%. While earnings are projected to return 33.44% in 2024, the next five years will return 37.50% per annum.
SMCI Dividends
Super Micro Computer Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Super Micro Computer Inc insiders own 14.48% of total outstanding shares while institutional holders control 55.23%, with the float percentage being 64.59%. VANGUARD GROUP INC is the largest shareholder of the company, while 1012.0 institutions own stock in it. As of 2024-06-30, the company held over 5.96 million shares (or 10.5558% of all shares), a total value of $4.88 billion in shares.
The next largest institutional holding, with 4.02 million shares, is of BLACKROCK INC.’s that is approximately 7.1135% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.29 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Super Micro Computer Inc (SMCI) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund . Data provided on Sep 30, 2023 indicates that iShares Core S&P Midcap ETF owns about 1.43 shares. This amounts to just over 2.86 percent of the company’s overall shares, with a $391.63 million market value. The same data shows that the other fund manager holds slightly less at 1.4, or about 2.80% of the stock, which is worth about $347.92 million.
