Silvaco Group Inc. (NASDAQ: SVCO) Not A Good Play Anymore?

Silvaco Group Inc. (SVCO) concluded trading on Wednesday at a closing price of $7.45, with 4.37 million shares of worth about $32.53 million changed hands on the day. On October 16, 2024 the price saw a loss of about -32.64%. Currently the company’s common shares owned by public are about 28.53M shares, out of which, 5.32M shares are available for trading.

Stock saw a price change of -37.86% in past 5 days and over the past one month there was a price change of -50.10%. Over the period of past 52 weeks, stock dropped to lowest price of $10.90 but also hit the highest price of $21.59 during that period. The average intraday trading volume for Silvaco Group Inc. shares is 378.70K. The stock is currently trading -42.99% below its 20-day simple moving average (SMA20), while that difference is down -48.49% for SMA50 and it goes to -54.95% lower than SMA200.

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Silvaco Group Inc. (NASDAQ: SVCO) currently have 28.53M outstanding shares and institutions hold larger chunk of about 28.51% of that.

The stock has a current market capitalization of $195.86M. It has Quick Ratio of 2.70 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SVCO, volatility over the week remained 12.57% while standing at 6.71% over the month.

Stock’s fiscal year EPS is expected to rise by 179.79% while it is estimated to increase by 40.73% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on Oct-17-24 offering a Buy rating for the stock and assigned a target price range of between $23 and $20 to it. Coverage by B. Riley Securities stated Silvaco Group Inc. (SVCO) stock as a Buy in their note to investors on June 05, 2024, suggesting a price target of $26 for the stock. On June 04, 2024, Craig Hallum Initiated their recommendations, while on June 03, 2024, TD Cowen Initiated their ratings for the stock with a price target of $23. Stock get a Buy rating from Rosenblatt on June 03, 2024.

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