SMART Global Holdings Inc (NASDAQ: SGH) is 5.07% 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 $20.26 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $19.89, the stock is -2.69% and -12.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -1.83% at the moment leaves the stock -4.82% off its SMA200. SGH registered -18.38% loss for a year compared to 6-month gain of -4.37%.
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The stock witnessed a -10.89% loss in the last 1 month and extending the period to 3 months gives it a -4.24%, and is -4.14% 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 3.36% over the week and 4.40% over the month.
SMART Global Holdings Inc (SGH) has around 3000 employees, a market worth around $1.05B and $1.18B in sales. Fwd P/E is 10.35. Profit margin for the company is -13.59%. Distance from 52-week low is 57.11% and -33.28% 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
292.0 institutions hold shares in SMART Global Holdings Inc (SGH), with institutional investors hold 110.27% of the company’s shares. The shares outstanding are 51.90M, and float is at 51.12M with Short Float at 11.57%. Institutions hold 107.99% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.27 million shares valued at $189.22 million. The investor’s holdings represent 15.7389 of the SGH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.9 million shares valued at $157.78 million to account for 13.1235 of the shares outstanding. The other top investors are FMR LLC which holds 3.89 million shares representing 7.4037 and valued at over $89.01 million, while STATE STREET CORP holds 5.8206 of the shares totaling 3.06 million with a market value of $69.98 million.
SMART Global Holdings Inc (SGH) Insider Activity
The most recent transaction is an insider sale by Pacheco Jack A, the company’s EVP, COO, Pres, Mem Solutions. SEC filings show that Pacheco Jack A sold 13,333 shares of the company’s common stock on Aug 20 ’24 at a price of $21.14 per share for a total of $0.28 million. Following the sale, the insider now owns 0.21 million shares.
SMART Global Holdings Inc disclosed in a document filed with the SEC on Jul 26 ’24 that Pacheco Jack A (EVP, COO, Pres, Mem Solutions) sold a total of 13,333 shares of the company’s common stock. The trade occurred on Jul 26 ’24 and was made at $23.16 per share for $0.31 million. Following the transaction, the insider now directly holds 0.21 million shares of the SGH stock.
Still, SEC filings show that on Jul 26 ’24, JACK A PACHECO (Officer) Proposed Sale 46,667 shares at an average price of $22.76 for $1.06 million. The insider now directly holds shares of SMART Global Holdings Inc (SGH).
