The stock of Super Micro Computer Inc. (NASDAQ:SMCI) increased by $6.47 on Tuesday to finish at $261.63, up 2.54 percent. The last five days have seen an average of 3,991,520 shares of common stock traded. 36 times new highs were reached in the current year, with a gain of $179.53. The average number of shares traded over the last 20 days was 3,950,480, while the average volume over the last 50 days totaled 3,279,492.
SMCI stock dropped -20.78% since last month. On 08/18/23, the company’s shares reached a one-month low of $235.15. 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 218.67% or $179.53 this year, reaching a new high 36 times. Still, the stock price is down -26.71% 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 16 days ago on Aug 14. On Aug 14, SVP, OPERATIONS KAO GEORGE sold 5,160 shares at $269.99 each. This transaction resulted in the insider making $1,393,132. On Aug 11, CHAN SHIU LEUNG added 4,000 shares at a price of US$265.57. After the transaction, the insider now owns 40,917 shares. President and CEO Liang Charles 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 22.87. 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 1.99, the price-to-book (PB) ratio of 7.88, and the price-to-cash flow ratio of 79.29.
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 $1.28 billion and revenue of $7.12 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 higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.18 billion, while revenues rose by 25.13% to $1.28 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 $235.73 million for the quarter. At the end of Super Micro Computer Inc.’s most recent quarter ended June 29, its liabilities totaled 1.7 billion, while its total debt was $309.46 million. Equity owned by shareholders amounts to $52.91 million.
Technical Picture
Here’s a quick look at Super Micro Computer Inc.’s (SMCI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 45.36%, suggesting the stock is Neutral, with a 61.19% historical volatility rate.
The stochastic %K and %D were 29.81% and 25.84% respectively, while the average true range (ATR) was 21.07. Based on the 14-day stochastic reading of 41.90%, the RSI (14) reading is 45.68%. On the 9-day MACD Oscillator, the stock is at 0.34, and the 14-day reading is at -2.24.
Analyst Ratings
In its most recent analyst report, Wedbush raised its rating on Super Micro Computer Inc. (NASDAQ: SMCI) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Super Micro Computer Inc. (SMCI) an Overweight rating. SMCI is a stock that is recommended for selling by 0 brokerage firms, while 2 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.
