Super Micro Computer Inc (NASDAQ: SMCI) is 68.16% higher on its value in year-to-date trading and has touched a low of $22.66 and a high of $122.90 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 $47.26 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $47.80, the stock is 5.92% and -0.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.08 million and changing 1.14% at the moment leaves the stock -33.38% off its SMA200. SMCI registered 80.34% gain for a year compared to 6-month loss of -33.34%. The firm has a 50-day simple moving average (SMA 50) of $48.00496 and a 200-day simple moving average (SMA200) of $71.754654.
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The stock witnessed a 4.53% gain in the last 1 month and extending the period to 3 months gives it a -38.97%, and is 0.87% 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 5.70% over the week and 8.05% over the month.
Current P/E ratio is 24.02 and Fwd P/E is 10.97. Profit margin for the company is 8.09%. Distance from 52-week low is 110.95% and -61.11% from its 52-week high. The company has generated returns on investments over the last 12 months (16.68%).
with sales reaching $6.45B over the same period.The EPS is expected to grow by 49.99% this year, but quarterly earnings will post 86.40% year-over-year. Quarterly sales are estimated to grow 212.70% in year-over-year returns.
Super Micro Computer Inc (SMCI) Top Institutional Holders
1282.0 institutions hold shares in Super Micro Computer Inc (SMCI), with institutional investors hold 66.38% of the company’s shares. The shares outstanding are 585.57M, and float is at 500.44M with Short Float at 17.42%. Institutions hold 56.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.96 million shares valued at $4.88 billion. The investor’s holdings represent 10.5558% of the SMCI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.02 million shares valued at $3.29 billion to account for 7.1135 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 3.67 million shares representing 6.4923% and valued at over $3.0 billion, while STATE STREET CORP holds 3.6288 of the shares totaling 2.05 million with a market value of $1.68 billion.
Super Micro Computer Inc (SMCI) Insider Activity
The most recent transaction is an insider sale by FAIRFAX DANIEL W, the company’s Director. SEC filings show that FAIRFAX DANIEL W sold 300 shares of the company’s common stock on Jun 03 ’24 at a price of $802.00 per share for a total of $0.24 million. Following the sale, the insider now owns 18887.0 shares.
Super Micro Computer Inc disclosed in a document filed with the SEC on May 30 ’24 that LIU TALLY C (Director) sold a total of 500 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $839.17 per share for $0.42 million. Following the transaction, the insider now directly holds 27813.0 shares of the SMCI stock.
Still, SEC filings show that on May 01 ’24, FAIRFAX DANIEL W (Director) disposed off 300 shares at an average price of $777.36 for $0.23 million. The insider now directly holds 19,187 shares of Super Micro Computer Inc (SMCI).
