In the latest trading session, 9.87 million Super Micro Computer Inc (NASDAQ:SMCI) shares changed hands as the company’s beta touched 1.31. With the company’s most recent per share price at $30.71 changed hands at -$0.37 or -1.19% at last look, the market valuation stands at $17.98B. SMCI’s current price is a discount, trading about -300.2% 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 43.83% up since then. When we look at Super Micro Computer Inc’s average trading volume, we note the 10-day average is 32.89 million shares, with the 3-month average coming to 76.62 million.
Analysts gave the Super Micro Computer Inc (SMCI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.83. 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’s EPS for the current quarter is expected to be 0.75.
Super Micro Computer Inc (NASDAQ:SMCI) trade information
Instantly SMCI was in red as seen in intraday trades today. With action -15.75%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 0.75%, with the 5-day performance at -15.75% in the red. However, in the 30-day time frame, Super Micro Computer Inc (NASDAQ:SMCI) is -19.80% down. Looking at the short shares, we see there were 78.96 million shares sold at short interest cover period of 1.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need an upside of 31.76% from its recent market value. According to analyst projections, SMCI’s forecast low is 25 with 100 as the target high. To hit the forecast high, the stock’s price needs a -225.63% plunge from its current level, while the stock would need to tank 18.59% 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 -65.79% over the past 6 months, a 42.99% in annual growth rate that is considerably higher than the industry average of 21.70%. Year-over-year growth is forecast to reach 66.23% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 5.95B. 9 analysts are of the opinion that Super Micro Computer Inc’s revenue for the current quarter will be 5.78B. The company’s revenue for the corresponding quarters a year ago was 2.12B and 3.66B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 180.73%. The estimates for the next quarter sales put growth at 57.60%.
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 2025 estimates are for Super Micro Computer Inc earnings to increase by 28.16%, 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 February.
Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.49% of Super Micro Computer Inc shares while 54.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.25%. There are 54.94% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 15.77 shares estimated at $485.74 million under it, the former controlled 31.61% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 26.44% of the shares, roughly 13.19 shares worth around $406.3 million.
