Super Micro Computer Inc (NASDAQ: SMCI) Loses -17.83% From High. Why That Could Change?

Currently, there are 52.90M common shares owned by the public and among those 49.81M shares have been available to trade.

The company’s stock has a 5-day price change of -3.15% and 255.28% over the past three months. SMCI shares are trading 255.28% year to date (YTD), with the 12-month market performance up to 877.27% higher. It has a 12-month low price of $93.19 and touched a high of $1229.00 over the same period. SMCI has an average intraday trading volume of 10.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.32%, 20.40%, and 141.79% respectively.

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Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 68.10% of the company’s 52.90M shares outstanding.

It has a market capitalization of $59.13B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 78.94, while the earnings-per-share (ttm) stands at $12.79. The company has a PEG of 1.64 and a Quick Ratio of 1.19 with the debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.65% over the week and 8.31% over the month.

Analysts forecast that Super Micro Computer Inc (SMCI) will achieve an EPS of $5.84 for the current quarter, $7.2 for the next quarter and $30.83 for 2025. The lowest estimate earnings-per-share for the quarter is $5.2 while analysts give the company a high EPS estimate of $6.94. Comparatively, EPS for the current quarter was $1.63 a year ago. Earnings per share for the fiscal year are expected to increase by 86.07%, and 37.51% over the next financial year. EPS should shrink at an annualized rate of 48.20% over the next five years, compared to 66.82% over the past 5-year period.

Looking at the support for the SMCI, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on March 25, 2024, with the firm’s price target at $1150. Argus coverage for the Super Micro Computer Inc (SMCI) stock in a research note released on March 06, 2024 offered a Buy rating with a price target of $1350. Goldman was of a view on March 04, 2024 that the stock is Neutral, while BofA Securities gave the stock Buy rating on February 15, 2024, issuing a price target of $1040. Susquehanna on their part issued Negative rating on December 11, 2023.

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