During the recent session, Super Micro Computer Inc (NASDAQ:SMCI)’s traded shares were 8.32 million, with the beta value of the company hitting 1.31. At the last check today, the stock’s price was $33.21, reflecting an intraday loss of -1.92% or -$0.65. The 52-week high for the SMCI share is $122.90, that puts it down -270.07 from that peak though still a striking 48.06% gain since the share price plummeted to a 52-week low of $17.25. The company’s market capitalization is $19.45B, and the average intraday trading volume over the past 10 days was 30.93 million shares, and the average trade volume was 76.17 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 2.83. 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.
Super Micro Computer Inc (NASDAQ:SMCI) trade information
Super Micro Computer Inc (SMCI) registered a -1.92% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.92% in intraday trading to $33.21, hitting a weekly high. The stock’s 5-day price performance is 7.16%, and it has moved by 6.31% in 30 days. Based on these gigs, the overall price performance for the year is -23.87%. The short interest in Super Micro Computer Inc (NASDAQ:SMCI) is 78.96 million shares and it means that shorts have 1.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $45, which implies an increase of 26.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $25 and $100 respectively. As a result, SMCI is trading at a discount of -201.11% off the target high and 24.72% 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 -57.60% during the last six months, with a year-to-date growth rate more than the industry average at 42.99% against 21.70. In the rating firms’ projections, revenue will increase 66.23% 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 7 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 5.78B 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 57.60% 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 28.16% in 2025, 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 February. 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 14.49% of total outstanding shares while institutional holders control 54.80%, with the float percentage being 64.09%. VANGUARD GROUP INC is the largest shareholder of the company, while 983.0 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 Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 15.77 shares. This amounts to just over 31.61 percent of the company’s overall shares, with a $526.03 million market value. The same data shows that the other fund manager holds slightly less at 13.19, or about 26.44% of the stock, which is worth about $440.0 million.
