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Super Micro Computer Inc (SMCI) Is Now En Route to Higher Prices

Super Micro Computer Inc (NASDAQ: SMCI) is 189.30% higher on its value in year-to-date trading and has touched a low of $135.55 and a high of $1229.00 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 SMCI stock was last observed hovering at around $782.76 in the last trading session, with the day’s gains setting it 39.61%.

Currently trading at $822.37, the stock is 0.64% and -12.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.97 million and changing 5.06% at the moment leaves the stock 62.41% off its SMA200. SMCI registered 511.43% gain for a year compared to 6-month gain of 209.13%.

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The stock witnessed a -6.84% loss in the last 1 month and extending the period to 3 months gives it a 3.90%, and is 0.38% 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 6.04% over the week and 8.45% over the month.

Super Micro Computer Inc (SMCI) has around 5126 employees, a market worth around $48.16B and $11.82B in sales. Current P/E ratio is 46.15 and Fwd P/E is 24.24. Profit margin for the company is 8.88%. Distance from 52-week low is 506.69% and -33.09% from its 52-week high. The company has generated returns on investments over the last 12 months (15.26%).

The EPS is expected to grow by 101.04% this year.

Super Micro Computer Inc (SMCI) Top Institutional Holders

The shares outstanding are 52.90M, and float is at 50.20M with Short Float at 6.15%.

Super Micro Computer Inc (SMCI) Insider Activity

The most recent transaction is an insider sale by FAIRFAX DANIEL W,the company’sDirector. SEC filings show that FAIRFAX DANIEL W sold 300 shares of the company’s common stock on May 01 ’24 at a price of $777.36 per share for a total of $0.23 million. Following the sale, the insider now owns 19187.0 shares.

Super Micro Computer Inc disclosed in a document filed with the SEC on Apr 29 ’24 that Liu Liang Chiu-Chu Sara (Director) sold a total of 525 shares of the company’s common stock. The trade occurred on Apr 29 ’24 and was made at $869.62 per share for $0.46 million. Following the transaction, the insider now directly holds 3459.0 shares of the SMCI stock.

Still, SEC filings show that on Apr 29 ’24, Liang Charles (President and CEO) disposed off 525 shares at an average price of $869.62 for $0.46 million. The insider now directly holds 3,459 shares of Super Micro Computer Inc (SMCI).

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