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After finishing at $27.46 in the prior trading day, SMART Global Holdings Inc (NASDAQ: SGH) closed at $25.42, down -7.43%. In other words, the price has decreased by -$7.43 from its previous closing price. On the day, 2.02 million shares were traded. SGH stock price reached its highest trading level at $27.22 during the session, while it also had its lowest trading level at $25.35.
Ratios:
Our goal is to gain a better understanding of SGH 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 2.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.66. For the most recent quarter (mrq), Quick Ratio is recorded 2.18 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 1.72 whereas as Long-Term Debt/Eq ratio is at 1.72.
On June 30, 2022, Needham reiterated its Buy rating and also upped its target price recommendation from $45 to $40.
Rosenblatt reiterated its Buy rating for the stock on December 27, 2021, while the target price for the stock was revised from $75 to $100.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 10 ’24 when Clark Joseph Gates sold 5,000 shares for $29.00 per share. The transaction valued at 145,006 led to the insider holds 87,386 shares of the business.
Clark Joseph Gates sold 2,529 shares of SGH for $45,359 on Apr 24 ’24. The President, LED Solutions now owns 92,386 shares after completing the transaction at $17.94 per share. On Apr 11 ’24, another insider, Adams Mark, who serves as the President and CEO of the company, bought 10,000 shares for $18.79 each. As a result, the insider paid 187,896 and bolstered with 29,640 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SGH now has a Market Capitalization of 1453040256 and an Enterprise Value of 1621889920. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 3.17. Its current Enterprise Value per Revenue stands at 1.379 whereas that against EBITDA is 15.394.
Stock Price History:
The Beta on a monthly basis for SGH is 1.71, which has changed by -0.00039321184 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, SGH has reached a high of $29.81, while it has fallen to a 52-week low of $12.66. The 50-Day Moving Average of the stock is 15.61%, while the 200-Day Moving Average is calculated to be 25.02%.
Shares Statistics:
The stock has traded on average 1.06M shares per day over the past 3-months and 2234886 shares per day over the last 10 days, according to various share statistics. A total of 51.90M shares are outstanding, with a floating share count of 50.97M. Insiders hold about 3.68% of the company’s shares, while institutions hold 105.66% stake in the company. Shares short for SGH as of 1719532800 were 4882673 with a Short Ratio of 4.59, compared to 1717113600 on 4924689. Therefore, it implies a Short% of Shares Outstanding of 4882673 and a Short% of Float of 15.329999999999998.
