Super Micro Computer Inc (NASDAQ: SMCI) Loses -45.78% From High. Why That Could Change?

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 -14.93% and -25.16% over the past three months. SMCI shares are trading 134.40% year to date (YTD), with the 12-month market performance up to 99.20% higher. It has a 12-month low price of $226.59 and touched a high of $1229.00 over the same period. SMCI has an average intraday trading volume of 6.35 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 -18.81%, -20.14%, and 2.19% respectively.

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Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 58.77% of the company’s 52.90M shares outstanding.

It has a market capitalization of $39.02B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 37.39, while the earnings-per-share (ttm) stands at $17.82. The company has a PEG of 0.60 and a Quick Ratio of 2.29 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.07% over the week and 6.23% over the month.

Earnings per share for the fiscal year are expected to increase by 102.03%, and 44.14% over the next financial year. EPS should shrink at an annualized rate of 62.40% 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. Nomura stated their Neutral rating for the stock in a research note on July 10, 2024, with the firm’s price target at $930. JP Morgan was of a view on March 25, 2024 that the stock is Overweight, while Argus gave the stock Buy rating on March 06, 2024, issuing a price target of $1350. Goldman on their part issued Neutral rating on March 04, 2024.

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