As of Friday close, Silicon Motion Technology Corporation’s (NASDAQ:SIMO) stock was down -$0.29, moving down -0.53 percent to $54.68. The average number of shares traded per day over the past five days has been 941,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.46 fall in that time frame. In the last twenty days, the average volume was 2,300,110, while in the previous 50 days, it was 1,395,234.
Since last month, SIMO stock retreated -0.31%. Shares of the company fell to $51.44 on 07/25/23, the lowest level in the past month. A 52-week high of $95.33 was reached on 07/26/23 after having rallying from a 52-week low of $51.44. Since the beginning of this year, SIMO’s stock price has dropped by -15.86% or -$10.31, and marked a new high 15 times. However, the stock has declined by -42.64% since its 52-week high.
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Valuation Metrics
Right now, Silicon Motion Technology Corporation (SIMO) has a P/E ratio of about 11.92. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 2.58, the price-to-book (PB) ratio of 0.60, and the price-to-cash flow ratio of 21.55 may also be considered.
The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50.
Financial Health
In the three months ended June 29, Silicon Motion Technology Corporation’s quick ratio stood at 3.90, while its current ratio was 6.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.00% percent. In the year ended June 29, EBITDA margin amounted to 24.66%, whereas operating margins totaled 12.30%. Based on annual data, SIMO earned $465.83 million in gross profit and brought in $945.92 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.70%. Return on equity (ROE) for the past 12 months was 11.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SIMO’s revenue rose 2.52% during the quarter, while net income inched up to $945.92 million. While analysts expected Silicon Motion Technology Corporation to report $0.48 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by -20.80%. During the quarter, the company generated $7.2 million in EBITDA. The liabilities of Silicon Motion Technology Corporation were 187.13 million at the end of its most recent quarter ended June 29.
Technical Picture
This quick technical analysis looks at Silicon Motion Technology Corporation’s (SIMO) price momentum. With a historical volatility rate of 29.64%, the RSI 9-day stood at 33.97% on 18 August.
With respect to its five-day moving average, the current Silicon Motion Technology Corporation price is down by -5.95% percent or -$3.46. At present, SIMO shares trade +1.65% above its 20-day simple moving average and -15.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.52% below its SMA50 and +2.22% above its SMA200.
Stochastic coefficient K was 10.54% and Stochastic coefficient D was 19.13%, while ATR was 2.98. Given the Stochastic reading of 11.25% for the 14-day period, the RSI (14) reading has been calculated as 38.80%. As of today, the MACD Oscillator reading stands at -2.70, while the 14-day reading stands at -4.61.
Analyst Ratings
Needham upgraded its rating on Silicon Motion Technology Corporation (NASDAQ: SIMO) to a Buy in a note to investors on November 02, 2022. The analysts firm previously had a Hold rating on the stock.Silicon Motion Technology Corporation (SIMO) has been rated Overweight by analysts. According to 0 brokerage firms, SIMO is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Silicon Motion Technology Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $72.50, the current consensus forecast for the stock is $56.00 – $106.00. Based on these forecasts, analysts predict Silicon Motion Technology Corporation (SIMO) will achieve an average price target of $75.10.
