Super Micro Computer Inc (SMCI): Street Finally Waking Up

Currently, there are 585.57M common shares owned by the public and among those 500.44M shares have been available to trade.

The company’s stock has a 5-day price change of -44.89% and -57.21% over the past three months. SMCI shares are trading -8.36% year to date (YTD), with the 12-month market performance up to 3.26% higher. It has a 12-month low price of $22.74 and touched a high of $122.90 over the same period. SMCI has an average intraday trading volume of 76.58 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 -41.53%, -41.58%, and -63.89% respectively.

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Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 54.35% of the company’s 585.57M shares outstanding.

It has a market capitalization of $13.65B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 13.09, while the earnings-per-share (ttm) stands at $1.99. The company has a PEG of 0.35 and a Quick Ratio of 1.93 with the debt-to-equity ratio at 0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.54% over the week and 7.73% over the month.

Analysts forecast that Super Micro Computer Inc (SMCI) will achieve an EPS of 0.75 for the current quarter, 0.83 for the next quarter and 4.34 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.67 while analysts give the company a high EPS estimate of 0.67. Comparatively, EPS for the current quarter was 0.34 a year ago. Earnings per share for the fiscal year are expected to increase by 51.95%, and 30.44% over the next financial year. EPS should shrink at an annualized rate of 37.50% over the next five years, compared to 70.58% over the past 5-year period.

Needham coverage for the Super Micro Computer Inc (SMCI) stock in a research note released on September 18, 2024 offered a Buy rating with a price target of $600. Mizuho was of a view on September 17, 2024 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on September 06, 2024, issuing a price target of $950- $500. Barclays on their part issued Equal Weight rating on September 04, 2024.

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