The stock of Super Micro Computer Inc. (NASDAQ:SMCI) increased by $15.03 on Monday to finish at $269.46, up 5.91 percent. The last five days have seen an average of 6,496,920 shares of common stock traded. 36 times new highs were reached in the current year, with a gain of $187.36. The average number of shares traded over the last 20 days was 3,844,120, while the average volume over the last 50 days totaled 3,253,006.
SMCI stock dropped -8.78% since last month. On 08/14/23, the company’s shares reached a one-month low of $248.40. The stock touched a high of $357.00 on 08/07/23, after rallying from a low of $50.28 in 52 weeks. The price of SMCI stock has risen by 228.21% or $187.36 this year, reaching a new high 36 times. Still, the stock price is down -24.52% from the 52-week high.
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Insider Transactions
SMCI stock investors should be aware that Super Micro Computer Inc. (SMCI) stock had its last reported insider trading activity 4 days ago on Aug 11. On Aug 11, Director CHAN SHIU LEUNG acquired 4,000 shares at $265.57 each. This transaction resulted in the insider spending $1,062,280. On Jul 27, Liang Charles sold 963 shares at a price of US$329.05. After the transaction, the insider now owns 1,827 shares. Director Liu Liang Chiu-Chu Sara had earlier sold 963 shares on Jul 27 for $329.05 a share. The transaction was completed for $316,880.
Valuation Metrics
Super Micro Computer Inc. (SMCI) has a trailing price-to-earnings (P/E) ratio of 23.55. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.16, the price-to-book (PB) ratio of 8.12, and the price-to-cash flow ratio of 86.06.
Financial Health
For the three months ended June 29, Super Micro Computer Inc.’s quick ratio was 1.10, while its current ratio was 2.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.08, and the total debt to equity ratio is 0.11. As far as profitability goes, gross margin for the trailing twelve months is 18.00% percent. Super Micro Computer Inc.’s operating margin stood at 9.70% for the same period. Based on annual data, it had gross profit of $800.0 million and revenue of $5.2 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SMCI’s return on assets (ROA) during the last 12 months has been 18.10%. There was a 14.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 34.90%.
Earnings Surprise
According to Super Micro Computer Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.28 billion, while revenues fell by -5.63% to $1.8 billion. It was predicted that Super Micro Computer Inc.’s quarterly earnings would be $3.51, but it ended up being $2.96, beating the consensus by 18.60%. EBITDA was $107.82 million for the quarter. At the end of Super Micro Computer Inc.’s most recent quarter ended June 29, its liabilities totaled 1.42 billion, while its total debt was $290.3 million. Equity owned by shareholders amounts to $52.49 million.
Technical Picture
Here’s a quick look at Super Micro Computer Inc.’s (SMCI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 38.56%, suggesting the stock is Neutral, with a 153.32% historical volatility rate.
The stochastic %K and %D were 13.51% and 19.84% respectively, while the average true range (ATR) was 25.04. Based on the 14-day stochastic reading of 19.39%, the RSI (14) reading is 43.23%. On the 9-day MACD Oscillator, the stock is at -38.19, and the 14-day reading is at -46.84.
Analyst Ratings
In its analyst report released on June 07, 2023, Rosenblatt began covering Super Micro Computer Inc. (NASDAQ: SMCI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Super Micro Computer Inc. (SMCI) an Overweight rating. SMCI is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is SMCI’s price target for the next 12 months?
The current consensus forecast for the stock is between $250.00 and $500.00, with a median target price of $384.50. In analyzing these forecasts, the average price target given by analysts for Super Micro Computer Inc. (SMCI) is $368.63.
