In the last trading session, 259.9 million Super Micro Computer Inc (NASDAQ:SMCI) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $42.00 changed hands at $9.36 or 28.68% during last session, the market valuation stood at $22.89B. SMCI’s last price was a discount, traded about -192.62% off its 52-week high of $122.90. The share price had its 52-week low at $17.25, which suggests the last value was 58.93% up since then. When we look at Super Micro Computer Inc’s average trading volume, we note the 10-day average is 127.92 million shares, with the 3-month average coming to 78.06 million.
Analysts gave the Super Micro Computer Inc (SMCI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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 (NASDAQ:SMCI) trade information
Instantly SMCI was in green as seen at the end of in last trading. With action 26.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 47.75%, with the 5-day performance at 26.70% in the green. However, in the 30-day time frame, Super Micro Computer Inc (NASDAQ:SMCI) is 44.28% up. Looking at the short shares, we see there were 87.62 million shares sold at short interest cover period of 1.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 375, meaning bulls need an upside of 88.8% from its current market value. According to analyst projections, SMCI’s forecast low is 25 with 1350 as the target high. To hit the forecast high, the stock’s price needs a -3114.29% plunge from its current level, while the stock would need to tank 40.48% 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 -45.50% over the past 6 months, a 49.77% in annual growth rate that is considerably higher than the industry average of 23.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 70.58%. The 2024 estimates are for Super Micro Computer Inc earnings to increase by 30.60%, but the outlook for the next 5-year period is at 37.50% per year.
SMCI Dividends
Super Micro Computer Inc is expected to release its next quarterly earnings report in January.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.48% of Super Micro Computer Inc shares while 55.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.38%. There are 55.06% 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.