SMART Global Holdings Inc. (NASDAQ:SGH) trading with an addition of $2.1 to $53.82 on Thursday, an upside of 4.06 percent. An average of 1,130,973 shares of common stock have been traded in the last five days. There was a gain of $9.34 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 552,718 shares traded, while the 50-day average volume stands at 430,519.
SGH stock has increased by 5.66% in the last month. The company shares reached their 1-month lowest point of $42.42 on 10/12/21. With the stock rallying to its 52-week high on 07/07/21, shares of the company touched a low of $24.37 and a high of $58.39 in 52 weeks. It has reached a new high 21 times so far this year and achieved 37.44% or $16.42 in price. In spite of this, the price is down -7.83% from the 52-week high.
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55 days have passed since SMART Global Holdings Inc. (SGH) last reported insider trading activity. Pacheco Jack A, who is EVP, COO, Pres SMART Mem, most recently acquired $7,500 shares at $42.09 per share on Aug 20. In this transaction, the insider spent $315,648. Director, SHAH AJAY, disposed of 25,000 shares at a price of $46.57 on Jul 30. The insider now owns more than $1,164,250 worth of shares. Prior to that, Director SHAH AJAY went on to Sale 38,353 shares at $45.09 each on Jul 28. An amount of $1,729,337 was transacted.
SMART Global Holdings Inc. (SGH) has a trailing price-to-earnings (P/E) ratio of 160.12, which compares with the 31.10 for the broader industry and 37.88 for the sector. In the last five years, SMART Global Holdings Inc.’s PE ratio has ranged between 180.71 and 3.819. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 4.61, and the price-to-cash flow ratio at 17.04.
The quick ratio of SMART Global Holdings Inc. for the three months ended August 30 was 1.10, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.35 for the quarter ending August 30. On the profitability front, the trailing 12-month gross margin is 18.60% against a 5-year average of 20.6%. SMART Global Holdings Inc.’s EBITDA margin for the year ending August 30 is 7.69%, while its operating margin for the same period stands at 3.10%. Its gross profit as reported stood at $216.4 million compared to revenue of $1.12 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SMART Global Holdings Inc.’s return on assets was 0.90%, compared to 4.5% over the last five years. In the past year, the return on investment has been 5.00%, and the 5-year average is 12.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been 3.00% and the 5-year average holds at -89.6%. For the broader industry, ROE averaged -0.25 over the past year.
For the three-month period that ended August 30, SMART Global Holdings Inc. had $338.05 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$7.21 million in the quarter, while revenues of $5.84 million were grew 111.51%. The analyst consensus anticipated SMART Global Holdings Inc.’s latest quarter earnings to come in at $1.6 per share, but it turned out to be $2.16, a 35.00% surprise. For the quarter, EBITDA amounted to $22.43 million. Shareholders own equity worth $24.26 million.
From a technical analysis perspective, let’s take a brief look at SMART Global Holdings Inc. (SGH) price momentum. RSI 9-day as of the close on 13 October was 77.14%, suggesting the stock is Overbought, with historical volatility in this time frame at 87.46%.
As of today, SGH’s price is $47.42 +20.89% or $9.34 from its 5-day moving average. SGH is currently trading +8.47% higher than its 20-day SMA and +17.30% higher than its 100-day SMA. However, the stock’s current price level is +10.64% above the SMA50 and +49.68% above the SMA200.
The stochastic %K and %D were 70.00% and 43.19%, respectively, and the average true range (ATR) was 2.53. With the 14-day stochastic at 98.32% and the average true range at 2.27, the RSI (14) stands at 70.03%. The stock has reached 3.97 on the 9-day MACD Oscillator while the 14-day reading was at 3.91.
Needham reiterated its a Buy rating on SMART Global Holdings Inc. (NASDAQ: SGH), but raised their price target to $65, indicating a potential price increase of 20.77% for the stock.The consensus rating for SMART Global Holdings Inc. (SGH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SGH, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is SGH’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $85.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for SMART Global Holdings Inc. (SGH) stock is $72.00.