With 65.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 75.41 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $18.79 whereas the lowest price it dropped to was $17.25. The 52-week range on SMCI shows that it touched its highest point at $122.90 and its lowest point at $17.36 during that stretch. It currently has a 1-year price target of $40.50. Beta for the stock currently stands at 1.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMCI was down-trending over the past week, with a drop of -24.23%, but this was down by -60.95% over a month. Three-month performance dropped to -70.21% while six-month performance fell -79.07%. The stock lost -35.44% in the past year, while it has lost -34.64% so far this year. A look at the trailing 12-month EPS for SMCI yields 1.99 with Next year EPS estimates of 3.69. For the next quarter, that number is 0.61. This implies an EPS growth rate of 33.44% for this year and 25.05% for next year. EPS is expected to grow by 37.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 70.58%.
Float and Shares Shorts:
At present, 585.57 million SMCI shares are outstanding with a float of 499.66 million shares on hand for trading. On 2024-10-31, short shares totaled 95.04 million, which was 1622.9999 higher than short shares on 1727654400. In addition to Mr. Charles Liang as the firm’s Founder, Chairman of the Board, President & CEO, Ms. Chiu-Chu Liu Liang serves as its Co-Founder, Senior VP & Director.
Institutional Ownership:
Through their ownership of 0.55439 of SMCI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SMCI reported revenue of $nan and operating income of $nan. The EBITDA in the recently reported quarter was $nan and diluted EPS was $0.551.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMCI since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SMCI analysts setting a high price target of 93.0 and a low target of 23.0, the average target price over the next 12 months is 40.321. Based on these targets, SMCI could surge 400.54% to reach the target high and rise by 23.79% to reach the target low. Reaching the average price target will result in a growth of 117.01% from current levels.
Analysts have provided yearly estimates in a range of $2.39915 being high and $2.37614 being low. For SMCI, this leads to a yearly average estimate of $2.38314. The surprise factor in the prior quarter was $0.56. Based on analyst estimates, the high estimate for the next quarter is $0.76 and the low estimate is $0.56. The average estimate for the next quarter is thus $0.63.
