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After finishing at $58.65 in the prior trading day, Silicon Motion Technology Corp ADR (NASDAQ: SIMO) closed at $57.51, down -1.94%. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 0.64 million shares were traded. SIMO stock price reached its highest trading level at $58.89 during the session, while it also had its lowest trading level at $56.8.
Ratios:
Our goal is to gain a better understanding of SIMO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.98. For the most recent quarter (mrq), Quick Ratio is recorded 3.04 and its Current Ratio is at 4.34. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on May 06, 2024, Upgraded its rating to Overweight and sets its target price to $88 from $59 previously.
On May 06, 2024, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $80 to $96.
B. Riley Securities Upgraded its Neutral to Buy on February 07, 2024, whereas the target price for the stock was revised from $64 to $90.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SIMO now has a Market Capitalization of 1937028736 and an Enterprise Value of 7459492352. As of this moment, Silicon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.63, and their Forward P/E ratio for the next fiscal year is 12.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 9.629 whereas that against EBITDA is 72.526.
Stock Price History:
Over the past 52 weeks, SIMO has reached a high of $85.87, while it has fallen to a 52-week low of $49.50. The 50-Day Moving Average of the stock is -26.07%, while the 200-Day Moving Average is calculated to be -17.27%.
Shares Statistics:
The stock has traded on average 389.39K shares per day over the past 3-months and 572590 shares per day over the last 10 days, according to various share statistics. A total of 33.42M shares are outstanding, with a floating share count of 33.40M. Insiders hold about 0.07% of the company’s shares, while institutions hold 79.76% stake in the company. Shares short for SIMO as of 1721001600 were 880170 with a Short Ratio of 2.26, compared to 1718323200 on 957056. Therefore, it implies a Short% of Shares Outstanding of 880170 and a Short% of Float of 2.7.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.59.
Earnings Estimates
Current recommendations for the stock of the company come from 8.0 analysts. The consensus estimate for the next quarter is $1.02, with high estimates of $1.1 and low estimates of $0.93.
Analysts are recommending an EPS of between $3.58 and $3.33 for the fiscal current year, implying an average EPS of $3.48. EPS for the following year is $4.74, with 8.0 analysts recommending between $5.23 and $4.5.
Revenue Estimates
8 analysts predict $209.68M in revenue for the current quarter. It ranges from a high estimate of $211.03M to a low estimate of $205M. As of the current estimate, Silicon Motion Technology Corp ADR’s year-ago sales were $172.33MFor the next quarter, 8 analysts are estimating revenue of $210.21M. There is a high estimate of $221.39M for the next quarter, whereas the lowest estimate is $204.5M.
A total of 9 analysts have provided revenue estimates for SIMO’s current fiscal year. The highest revenue estimate was $832.41M, while the lowest revenue estimate was $814M, resulting in an average revenue estimate of $819.42M. In the same quarter a year ago, actual revenue was $639.14MBased on 9 analysts’ estimates, the company’s revenue will be $899.55M in the next fiscal year. The high estimate is $930M and the low estimate is $875.5M.
