As of Friday close, Super Micro Computer Inc.’s (NASDAQ:SMCI) stock was up $4.21, moving up 1.82 percent to $235.75. The average number of shares traded per day over the past five days has been 2,073,780 shares. 3 times new highs have been achieved over the past 5 days, with a -$13.51 fall in that time frame. In the last twenty days, the average volume was 3,018,965, while in the previous 50 days, it was 3,386,258.
Since last month, SMCI stock retreated -15.08%. Shares of the company fell to $228.26 on 09/21/23, the lowest level in the past month. A 52-week high of $357.00 was reached on 08/07/23 after having rallying from a 52-week low of $50.28. Since the beginning of this year, SMCI’s stock price has risen by 187.15% or $153.65, and marked a new high 36 times. However, the stock has declined by -33.96% since its 52-week high.
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SMCI stock investors should be aware that Super Micro Computer Inc. (SMCI) stock had its last reported insider trading activity 23 days ago on Aug 31. KAO GEORGE, the SVP, OPERATIONS of the company, disposed of 2,968 shares for $280.79 on Aug 31. It resulted in a $833,395 divestment by the insider. TUAN SHERMAN sold 1,000 shares at an average price of $272.00 on Aug 30. The insider now owns 27,613 shares following the transaction. On Aug 14, SVP, OPERATIONS KAO GEORGE sold 5,160 shares at $269.99 apiece. The transaction was valued at $1,393,132.
Valuation Metrics
Right now, Super Micro Computer Inc. (SMCI) has a P/E ratio of about 20.60. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 1.90, the price-to-book (PB) ratio of 6.30, and the price-to-cash flow ratio of 21.62 may also be considered.
Financial Health
In the three months ended June 29, Super Micro Computer Inc.’s quick ratio stood at 1.30, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.06, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 18.00% percent. In the year ended June 29, operating margins totaled 10.70%. Based on annual data, SMCI earned $1.28 billion in gross profit and brought in $7.12 billion 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 28.80%. Return on equity (ROE) for the past 12 months was 35.60%.
In Super Micro Computer Inc.’s quarter-end financial report for June 29, it reported total debt of $120.18 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SMCI’s revenue rose 25.13% to $1.28 billion during the quarter, while net income inched up to $2.18 billion. While analysts expected Super Micro Computer Inc. to report $2.96 quarterly earnings, the actual figure was $3.51 per share, beating the consensus estimate by 18.60%. During the quarter, the company generated $235.73 million in EBITDA. The liabilities of Super Micro Computer Inc. were 1.7 billion at the end of its most recent quarter ended June 29, and its total debt was $309.46 million. The value of shareholders’ equity is $52.91 million.
Technical Picture
This quick technical analysis looks at Super Micro Computer Inc.’s (SMCI) price momentum. With a historical volatility rate of 47.89%, the RSI 9-day stood at 32.46% on 22 September.
With respect to its five-day moving average, the current Super Micro Computer Inc. price is down by -5.42% percent or -$13.51. At present, SMCI shares trade -10.19% below its 20-day simple moving average and +124.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately -19.83% below its SMA50 and +182.98% above its SMA200.
Stochastic coefficient K was 8.75% and Stochastic coefficient D was 10.46%, while ATR was 13.63. Given the Stochastic reading of 12.59% for the 14-day period, the RSI (14) reading has been calculated as 37.31%. As of today, the MACD Oscillator reading stands at -14.44, while the 14-day reading stands at -23.27.
Analyst Ratings
Barclays launched its rating on Super Micro Computer Inc. (NASDAQ: SMCI) to an Overweight in a note to investors on September 19, 2023. Super Micro Computer Inc. (SMCI) has been rated Overweight by analysts. According to 0 brokerage firms, SMCI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Super Micro Computer Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $375.00, the current consensus forecast for the stock is $250.00 – $500.00. Based on these forecasts, analysts predict Super Micro Computer Inc. (SMCI) will achieve an average price target of $364.00.
