SMART Global Holdings Inc (NASDAQ: SGH) is 20.34% higher on its value in year-to-date trading and has touched a low of $12.66 and a high of $29.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SGH stock was last observed hovering at around $22.16 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $22.78, the stock is 3.81% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 2.80% at the moment leaves the stock 4.95% off its SMA200. SGH registered 43.09% gain for a year compared to 6-month loss of -3.06%. The firm has a 50-day simple moving average (SMA 50) of $1.11 and a 200-day simple moving average (SMA200) of $26.76.
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The stock witnessed a 7.05% gain in the last 1 month and extending the period to 3 months gives it a 20.91%, and is -1.02% down 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 3.61% over the week and 3.57% over the month.
SMART Global Holdings Inc (SGH) has around 3000 employees, a market worth around $1.18B and $1.40B in sales. Fwd P/E is 10.85. Profit margin for the company is -14.50%. Distance from 52-week low is 79.94% and -24.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.64%).
SMART Global Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $283.79M over the same period.The EPS is expected to shrink by -54.52% this year, but quarterly earnings will post -16.60% year-over-year.
SMART Global Holdings Inc (SGH) Top Institutional Holders
269 institutions hold shares in SMART Global Holdings Inc (SGH), with institutional investors hold 109.03% of the company’s shares. The shares outstanding are 51.90M, and float is at 50.05M with Short Float at 5.34%. Institutions hold 106.88% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.91 million shares valued at $229.61 million. The investor’s holdings represent 15.81% of the SGH Shares outstanding. As of Jun 29, 2023, the second largest holder is Ameriprise Financial, Inc. with 6.47 million shares valued at $187.68 million to account for 12.92% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.42 million shares representing 10.83% and valued at over $157.28 million, while State Street Corporation holds 5.50% of the shares totaling 2.75 million with a market value of $79.9 million.
SMART Global Holdings Inc (SGH) Insider Activity
The most recent transaction is an insider sale by Pacheco Jack A,the company’sEVP, COO, Pres, Mem Solutions. SEC filings show that Pacheco Jack A sold 2,500 shares of the company’s common stock on Feb 20 ’24 at a price of $20.02 per share for a total of $50061.0. Following the sale, the insider now owns 0.22 million shares.
SMART Global Holdings Inc disclosed in a document filed with the SEC on Feb 13 ’24 that HERSCHER PENNY (Director) sold a total of 842 shares of the company’s common stock. The trade occurred on Feb 13 ’24 and was made at $21.62 per share for $18207.0. Following the transaction, the insider now directly holds 11871.0 shares of the SGH stock.
Still, SEC filings show that on Feb 12 ’24, HERSCHER PENNY (Director) disposed off 2,525 shares at an average price of $22.62 for $57127.0. The insider now directly holds 12,713 shares of SMART Global Holdings Inc (SGH).
