SMART Global Holdings Inc. (NASDAQ:SGH) saw an upside of 14.93% to $50.35 after adding $6.54 on Wednesday. The 5-day average trading volume is 592,902 shares of the company’s common stock. It has gained $49.90 in the past week. An average of 426,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 380,492.
SGH’s 1-month performance is -10.85% or $0.22 on its low of $42.42 reached on 10/12/21. The company’s shares have touched a 52-week low of $24.37 and high of $58.39, with the stock’s rally to the 52-week high happening on 07/07/21. YTD, SGH has achieved 16.42% or $11.73. However, the current price is down -13.77%% from the 52-week high price.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
On Aug 20, 54 days have gone by since the last insider trading activity for SMART Global Holdings Inc. (SGH). Pacheco Jack A (EVP, COO, Pres SMART Mem) most recently sold 7,500 shares at $42.09 per share on Aug 20. This transaction cost the insider $315,648. Director, SHAH AJAY, sold 25,000 shares at a price of $46.57 on Jul 30. Then, on Jul 28, Director SHAH AJAY sold 38,353 shares at a price of $45.09 per share. This transaction amounted to $1,729,337.
The company’s PE ratio for the last five years has touched a high of 180.71 and a low of 3.819. SGH stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.81 while the price-to-book (PB) in the most recent quarter is 3.91, with the price to cash flow ratio at 14.43.
SMART Global Holdings Inc.’s quick ratio for the period ended August 30 was 1.10, with the current ratio over the same period at 1.60 meaning that SGH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending August 30 was 1.25, while the total debt to equity was 1.35. In terms of profitability, the gross margin trailing 12 months is 18.60%. The trailing 12-month EBITDA margin is 7.69% while for the period ending August 30; SMART Global Holdings Inc.’s operating margin was 3.10%. The firm’s gross profit as reported stood at $216.4 million against revenue of $1.12 billion.
For the quarterly period ending August 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SGH to announce $1.6 per share in earnings in its latest quarter, but it posted $2.16, representing a 35.00% surprise. EBITDA for the quarter stood at more than $22.43 million. SGH stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 911.59 million, with total debt at $399.96 million. Shareholders hold equity totaling $24.26 million
Let’s look briefly at SMART Global Holdings Inc. (SGH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 67.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.36%.
The stock’s 5-day moving average is $45.08, reflecting a +13.81% or $5.99 change from its current price. SGH is currently trading -0.64% above its 20-day SMA, +8.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.44% and +35.79% respectively.
Stochastic %K and %D was 41.55% and 27.01% and the average true range (ATR) pointed at 2.23. The RSI (14) points at 60.77%, while the 14-day stochastic is at 92.78% with the period’s ATR at 2.05. The stock’s 9-day MACD Oscillator is pointing at 0.89 and 0.15 on the 14-day charts.
In the most recent analyst report for SMART Global Holdings Inc. (NASDAQ: SGH), Needham reiterated its a Buy rating for the company but lifted their price target by $65 to $75. Analysts offering their rating for SGH stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SGH as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is SGH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $75.00, with their median price target at $71.00. Looking at these predictions, the average price target given by analysts is for SMART Global Holdings Inc. (SGH) stock is $70.33.