In today’s recent session, 7.89 million shares of the Super Micro Computer Inc (NASDAQ:SMCI) have been traded, and its beta is 1.30. Most recently the company’s share price was $31.01, and it changed around $0.33 or 1.07% from the last close, which brings the market valuation of the company to $18.16B. SMCI at last check was trading at a discount to its 52-week high of $122.90, offering almost -296.32% off that amount. The share price’s 52-week low was $17.25, which indicates that the recent value has risen by an impressive 44.37% since then. We note from Super Micro Computer Inc’s average daily trading volume that its 10-day average is 45.68 million shares, with the 3-month average coming to 78.69 million.
Super Micro Computer Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.83. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended SMCI as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Super Micro Computer Inc is expected to report earnings per share of 0.75 for the current quarter.
Super Micro Computer Inc (NASDAQ:SMCI) trade information
Instantly SMCI has been showing a green trend so far today with a performance of 1.07% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 35.50 on recent trading dayincreased the stock’s daily price by 12.65%. The company’s shares are currently up 9.08% year-to-date, but still down -4.29% over the last five days. On the other hand, Super Micro Computer Inc (NASDAQ:SMCI) is -5.00% down in the 30-day period. We can see from the shorts that 91.57 million shares have been sold at a short interest cover period of 0.79 day(s).
The consensus price target as assigned by Wall Street analysts is $45, which translates to bulls needing to increase their stock price by 31.09% from its current value. Analyst projections state that SMCI is forecast to be at a low of $25 and a high of $100.
Super Micro Computer Inc (SMCI) estimates and forecasts
Super Micro Computer Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -62.96 percent over the past six months and at a 42.99% annual growth rate that is well above the industry average of 21.70%. The year-over-year growth rate is expected to be 66.23%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 5.95B in revenue for the current quarter. 9 analysts expect Super Micro Computer Inc to make 5.78B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.12B and 3.66B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 180.73%. Forecasts for the next quarter put sales growth at 57.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 70.58%. Super Micro Computer Inc earnings are expected to increase by 28.16% in 2024, but the outlook is positive 37.50% per year for the next five years.
SMCI Dividends
Super Micro Computer Inc’s next quarterly earnings report is expected to be released in January.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.49% of Super Micro Computer Inc shares, and 55.12% of them are in the hands of institutional investors. The stock currently has a share float of 64.46%. Super Micro Computer Inc stock is held by 1008.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.5558% of the shares, which is about 5.96 million shares worth $4.88 billion.
BLACKROCK INC., with 7.1135% or 4.02 million shares worth $3.29 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 15.77 shares worth $484.09 million, making up 31.61% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 13.19 shares worth around $404.92 million, which represents about 26.44% of the total shares outstanding.
