Silicon Motion Technology Corporation (NASDAQ: SIMO) is -9.04% lower on its value in year-to-date trading and has touched a low of $59.88 and a high of $98.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SIMO stock was last observed hovering at around $85.75 in the last trading session, with the day’s gains setting it 0.69% off its average median price target of $110.00 for the next 12 months. It is also 27.97% off the consensus price target high of $120.00 offered by 8 analysts, but current levels are 3.96% higher than the price target low of $90.00 for the same period.
Currently trading at $86.44, the stock is 3.07% and -0.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.80% at the moment leaves the stock 8.49% off its SMA200. SIMO registered 39.44% gain for a year compared to 6-month loss of -0.16%.
The stock witnessed a 7.01% gain in the last 1 month and extending the period to 3 months gives it a 12.13%, and is 0.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.86% over the week and 2.86% over the month.
Silicon Motion Technology Corporation (SIMO) has around 1434 employees, a market worth around $2.91B and $981.70M in sales. Current P/E ratio is 13.75 and Fwd P/E is 9.40. Profit margin for the company is 22.40%. Distance from 52-week low is 44.36% and -12.38% from its 52-week high. The company has generated returns on investments over the last 12 months (30.20%).
Silicon Motion Technology Corporation (SIMO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Silicon Motion Technology Corporation (SIMO) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.50, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Silicon Motion Technology Corporation is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 150.70% this year.
Silicon Motion Technology Corporation (SIMO) Top Institutional Holders
The shares outstanding are 34.85M, and float is at 27.91M with Short Float at 2.59%.
Silicon Motion Technology Corporation (SIMO): Who are the competitors?
The company’s main competitors (and peers) include Marvell Technology Inc. (MRVL) that is trading -13.93% down over the past 12 months and Intel Corporation (INTC) that is -26.11% lower over the same period. Taiwan Semiconductor Manufacturing Company Limited (TSM) is -26.11% down on the 1-year trading charts.