Reviewing The Case For Super Micro Computer Inc (SMCI) Going Higher

Currently, there are 52.90M common shares owned by the public and among those 50.20M shares have been available to trade.

The company’s stock has a 5-day price change of 24.17% and 79.63% over the past three months. SMCI shares are trading 213.22% year to date (YTD), with the 12-month market performance up to 803.18% higher. It has a 12-month low price of $93.34 and touched a high of $1229.00 over the same period. SMCI has an average intraday trading volume of 10.56 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 -0.44%, -6.16%, and 85.92% respectively.

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Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 69.93% of the company’s 52.90M shares outstanding.

It has a market capitalization of $52.13B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 69.59, while the earnings-per-share (ttm) stands at $12.79. The company has a PEG of 1.44 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 9.71% over the week and 8.28% over the month.

Analysts forecast that Super Micro Computer Inc (SMCI) will achieve an EPS of $5.84 for the current quarter, $7.19 for the next quarter and $31.24 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 85.01%, and 41.60% 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.

JP Morgan coverage for the Super Micro Computer Inc (SMCI) stock in a research note released on March 25, 2024 offered a Overweight rating with a price target of $1150. Argus was of a view on March 06, 2024 that the stock is Buy, while Goldman gave the stock Neutral rating on March 04, 2024, issuing a price target of $941. BofA Securities on their part issued Buy rating on February 15, 2024.

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