SMART Global Holdings Inc (NASDAQ: SGH) is 30.16% higher on its value in year-to-date trading and has touched a low of $12.66 and a high of $29.81 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 $25.42 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $24.64, the stock is 0.54% and 11.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -3.07% at the moment leaves the stock 21.15% off its SMA200. SGH registered -8.74% loss for a year compared to 6-month gain of 14.07%.
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The stock witnessed a 8.02% loss in the last 1 month and extending the period to 3 months gives it a 33.48%, and is -13.67% 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 5.70% over the week and 4.85% over the month.
SMART Global Holdings Inc (SGH) has around 3000 employees, a market worth around $1.30B and $1.18B in sales. Fwd P/E is 12.82. Profit margin for the company is -13.59%. Distance from 52-week low is 94.63% and -17.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.87%).
The EPS is expected to shrink by -49.21% this year
The shares outstanding are 51.90M, and float is at 50.97M with Short Float at 9.58%.
SMART Global Holdings Inc (SGH) Insider Activity
The most recent transaction is an insider sale by Clark Joseph Gates, the company’s President, LED Solutions. SEC filings show that Clark Joseph Gates sold 5,000 shares of the company’s common stock on Jul 10 ’24 at a price of $29.00 per share for a total of $0.15 million. Following the sale, the insider now owns 87386.0 shares.
SMART Global Holdings Inc disclosed in a document filed with the SEC on Apr 24 ’24 that Clark Joseph Gates (President, LED Solutions) sold a total of 2,529 shares of the company’s common stock. The trade occurred on Apr 24 ’24 and was made at $17.94 per share for $45359.0. Following the transaction, the insider now directly holds 92386.0 shares of the SGH stock.
Still, SEC filings show that on Apr 11 ’24, Adams Mark (President and CEO) acquired 10,000 shares at an average price of $18.79 for $0.19 million. The insider now directly holds 29,640 shares of SMART Global Holdings Inc (SGH).
