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Things appear to be looking up for Super Micro Computer Inc (SMCI)

Super Micro Computer Inc (NASDAQ: SMCI) is -11.91% lower on its value in year-to-date trading and has touched a low of $17.25 and a high of $122.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMCI stock was last observed hovering at around $28.52 in the last trading session, with the day’s loss setting it -1.67%.

Currently trading at $26.85, the stock is -14.21% and -19.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 41.87 million and changing -5.86% at the moment leaves the stock -51.72% off its SMA200. SMCI registered -49.30% loss for a year compared to 6-month loss of -60.06%. The firm has a 50-day simple moving average (SMA 50) of $33.4108 and a 200-day simple moving average (SMA200) of $55.963444.

The stock witnessed a -11.91% gain in the last 1 month and extending the period to 3 months gives it a -18.81%, and is -7.64% 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 6.38% over the week and 6.82% over the month.

Current P/E ratio is 13.49 and Fwd P/E is 7.72. Profit margin for the company is 8.09%. Distance from 52-week low is 55.65% and -78.15% from its 52-week high. The company has generated returns on investments over the last 12 months (16.68%).

with sales reaching $5.94B over the same period.The EPS is expected to grow by 28.16% this year, but quarterly earnings will post 63.91% year-over-year. Quarterly sales are estimated to grow 180.43% in year-over-year returns.

Super Micro Computer Inc (SMCI) Top Institutional Holders

961.0 institutions hold shares in Super Micro Computer Inc (SMCI), with institutional investors hold 61.35% of the company’s shares. The shares outstanding are 585.57M, and float is at 501.11M with Short Float at 15.40%. Institutions hold 52.46% 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).

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