With 3.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.74 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $65.08 whereas the lowest price it dropped to was $61.46. The 52-week range on SMTC shows that it touched its highest point at $70.27 and its lowest point at $18.16 during that stretch. It currently has a 1-year price target of $73.30. Beta for the stock currently stands at 1.65.
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 SMTC was down-trending over the past week, with a drop of -6.05%, but this was up by 19.08% over a month. Three-month performance surged to 54.55% while six-month performance rose 102.90%. The stock gained 213.87% in the past year, while it has gained 187.08% so far this year. A look at the trailing 12-month EPS for SMTC yields -13.05 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.32. This implies an EPS growth rate of 450.00% for this year and 132.11% for next year.
Float and Shares Shorts:
At present, 75.40 million SMTC shares are outstanding with a float of 74.74 million shares on hand for trading. On 2024-10-31, short shares totaled 6.84 million, which was 910.00006 higher than short shares on 1727654400. In addition to Dr. Hong Q. Hou Ph.D. as the firm’s President, CEO & Director, Mr. Mark Lin serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 1.16209 of SMTC’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 2024-07-28, SMTC reported revenue of $236825000.0 and operating income of $18480000.0. The EBITDA in the recently reported quarter was $27372000.0 and diluted EPS was -$0.1.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMTC since 14 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 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 SMTC analysts setting a high price target of 85.0 and a low target of 65.0, the average target price over the next 12 months is 73.3. Based on these targets, SMTC could surge 35.14% to reach the target high and rise by 3.34% to reach the target low. Reaching the average price target will result in a growth of 16.53% from current levels.
Analysts have provided yearly estimates in a range of $0.15124 being high and $0.10083 being low. For SMTC, this leads to a yearly average estimate of $0.11091. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.33.
