Super Micro Computer Inc (NASDAQ: SMCI) Loses -73.03% From High. Why That Could Change?

Currently, there are 585.57M common shares owned by the public and among those 499.66M shares have been available to trade.

The company’s stock has a 5-day price change of 78.42% and -41.07% over the past three months. SMCI shares are trading 16.62% year to date (YTD), with the 12-month market performance up to 15.64% higher. It has a 12-month low price of $17.25 and touched a high of $122.90 over the same period. SMCI has an average intraday trading volume of 81.07 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 20.15%, -13.12%, and -52.57% respectively.

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Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 53.87% of the company’s 585.57M shares outstanding.

It has a market capitalization of $21.67B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 16.66, while the earnings-per-share (ttm) stands at $1.99. The company has a PEG of 0.44 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 14.79% over the week and 11.69% over the month.

Earnings per share for the fiscal year are expected to increase by 33.44%, and 25.05% 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.

Looking at the support for the SMCI, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on November 06, 2024, with the firm’s price target at $50-$23. Needham was of a view on September 18, 2024 that the stock is Buy, while Mizuho gave the stock Neutral rating on September 17, 2024, issuing a price target of $450. JP Morgan on their part issued Neutral rating on September 06, 2024.

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