Super Micro Computer Inc. (NASDAQ:SMCI) saw an upside of 2.16% to close Tuesday at $258.09 after adding $5.45 on the day. The 5-day average trading volume is 2,635,700 shares of the company’s common stock. It has gained $263.85 in the past week and touched a new high 1 time within the past 5 days. An average of 3,555,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,197,736.
SMCI’s 1-month performance is -16.58% or -$45.06 on its low of $235.15 reached on 08/18/23. The company’s shares have touched a 52-week low of $50.28 and high of $357.00, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, SMCI has achieved 214.36% or $175.99 and has reached a new high 36 times. However, the current price is down -27.71% from the 52-week high price.
Insider Transactions
SMCI stock investors last saw insider trading activity on Aug 14.KAO GEORGE (SVP, OPERATIONS) most recently sold 5,160 shares at $269.99 per share on Aug 14. This transaction cost the insider $1,393,132. Director, Liu Liang Chiu-Chu Sara, sold 963 shares at a price of $329.05 on Jul 27. Then, on Jul 27, President and CEO Liang Charles sold 963 shares at a price of $329.05 per share. This transaction amounted to $316,880.
Valuation Metrics
SMCI stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.91 while the price-to-book (PB) in the most recent quarter is 7.78, with the price to cash flow ratio at 75.84.
Super Micro Computer Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.11.. In terms of profitability, the gross margin trailing 12 months is 18.00%. The firm’s gross profit as reported stood at $1.28 billion against revenue of $7.12 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.34% to $85.85 million, while revenue of $176.17 million was -105.21% off the previous quarter. Analysts expected SMCI to announce $2.96 per share in earnings in its latest quarter, but it posted $3.51, representing a 18.60% surprise. SMCI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.7 billion, with total debt at $290.3 million.
Let’s look briefly at Super Micro Computer Inc. (SMCI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 40.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 69.87%.
The stock’s 5-day moving average is $250.41, reflecting a -2.32% or -$6.13 change from its current price. SMCI is currently trading -19.69% above its 20-day SMA, +144.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.36% and SMA200 by+219.26%.
Stochastic %K and %D was 13.36% and 8.42% and the average true range (ATR) pointed at 18.65. The RSI (14) points at 42.86%, while the 14-day stochastic is at 18.83% with the period’s ATR at 19.17. The stock’s 9-day MACD Oscillator is pointing at -6.05 and -30.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Super Micro Computer Inc. (NASDAQ: SMCI), Rosenblatt launched coverage with a Buy rating. Analysts offering their rating for SMCI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SMCI as a “sell,”, while 1 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 SMCI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $250.00 and a high of $500.00, with their median price target at $384.50. Looking at these predictions, the average price target given by analysts is for Super Micro Computer Inc. (SMCI) stock is $368.63.
