With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. The 52-week range on SIMO shows that it touched its highest point at $85.87 and its lowest point at $37.21 during that stretch. It currently has a 1-year price target of $71.22. With its current market cap of 2.16 billion, SIMO has annualized dividend of $2.50 while the current yield stands at 3.90%. Beta for the stock currently stands at 0.82.
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 SIMO was up-trending over the past week, with a rise of 12.41%, but this was up by 63.56% over a month. Three-month performance surged to 8.43% while six-month performance rose 21.98%. The stock lost -15.59% in the past year, while it has gained 18.69% so far this year. A look at the trailing 12-month EPS for SIMO yields 2.79 with Next year EPS estimates of 4.36. For the next quarter, that number is 0.53. This implies an EPS growth rate of -3.10% for this year and 31.19% for next year. EPS is expected to grow by 14.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.62%.
Float and Shares Shorts:
At present, 33.69 million SIMO shares are outstanding with a float of 33.68 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIMO since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.21361 being high and $3.17546 being low. For SIMO, this leads to a yearly average estimate of $3.20407. Based on analyst estimates, the high estimate for the next quarter is $1.18 and the low estimate is $0.87. The average estimate for the next quarter is thus $1.01.
