Super Micro Computer Inc. (NASDAQ:SMCI) finished Friday with a subtraction of -$8.54 to close at $253.96, a downside of -3.25 percent. An average of 3,957,280 shares of common stock have been traded in the last five days. There was a gain of $10.41 in the past week, and it reached a new high 38 times over the past 12 months. The last 20 days have seen an average of 3,891,235 shares traded, while the 50-day average volume stands at 3,271,910.
SMCI stock has decreased by -22.42% in the last month. The company shares reached their 1-month lowest point of $235.15 on 08/18/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $50.28 and a high of $357.00 in 52 weeks. It has reached a new high 36 times so far this year and achieved 209.33% or $171.86 in price. In spite of this, the price is down -28.86% from the 52-week high.
Insider Transactions
SMCI stock investors should be aware that Super Micro Computer Inc. (SMCI) stock had its last reported insider trading activity 12 days ago on Aug 14. In this transaction, the insider spent $1,393,132. Director, Liu Liang Chiu-Chu Sara, disposed of 963 shares at a price of $329.05 on Jul 27. The insider now owns more than $316,880 worth of shares. Prior to that, President and CEO Liang Charles went on to Sale 963 shares at $329.05 each on Jul 27. An amount of $316,880 was transacted.
Valuation Metrics
Super Micro Computer Inc. (SMCI) has a trailing price-to-earnings (P/E) ratio of 22.20. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.88, the price-to-book (PB) ratio at 7.65, and the price-to-cash flow ratio at 74.63.
Financial Health
The quick ratio of Super Micro Computer Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.11 for the quarter ending June 29. Its gross profit as reported stood at $1.28 billion compared to revenue of $7.12 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, Super Micro Computer Inc.’s return on assets was 18.10%.
Earnings Surprise
For the three-month period that ended June 29, Super Micro Computer Inc. had $133.24 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 $85.85 million in the quarter, while revenues of $176.17 million were grew 10.34%. The analyst consensus anticipated Super Micro Computer Inc.’s latest quarter earnings to come in at $2.96 per share, but it turned out to be $3.51, a 18.60% surprise.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Super Micro Computer Inc. (SMCI) price momentum. RSI 9-day as of the close on 25 August was 40.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.47%.
As of today, SMCI’s price is $260.96 +4.27% or $10.41 from its 5-day moving average. SMCI is currently trading -24.08% lower than its 20-day SMA and +125.30% higher than its 100-day SMA. However, the stock’s current price level is +2.50% above the SMA50 and +229.18% above the SMA200.
The stochastic %K and %D were 24.38% and 24.15%, respectively, and the average true range (ATR) was 21.88. With the 14-day stochastic at 15.86% and the average true range at 21.25, the RSI (14) stands at 42.83%. The stock has reached 7.98 on the 9-day MACD Oscillator while the 14-day reading was at -1.37.
Analyst Ratings
Wedbush upgraded Super Micro Computer Inc. (NASDAQ: SMCI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Super Micro Computer Inc. (SMCI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SMCI, while 2 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 SMCI’s price target for the next 12 months?
Analysts predict a range of price targets between $250.00 and $500.00, with a median target of $384.50. Taking a look at these predictions, the average price target given by analysts for Super Micro Computer Inc. (SMCI) stock is $368.63.
