Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, SMART Global Holdings Inc (NASDAQ: SGH) closed at $18.02 down -1.37% from its previous closing price of $18.27. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 0.73 million shares were traded. SGH stock price reached its highest trading level at $18.63 during the session, while it also had its lowest trading level at $17.73.
Ratios:
For a deeper understanding of SMART Global Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.66 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 1.98 whereas as Long-Term Debt/Eq ratio is at 1.98.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 24 ’24 when Clark Joseph Gates sold 2,529 shares for $17.94 per share. The transaction valued at 45,359 led to the insider holds 92,386 shares of the business.
Adams Mark bought 10,000 shares of SGH for $187,896 on Apr 11 ’24. The President and CEO now owns 29,640 shares after completing the transaction at $18.79 per share. On Feb 20 ’24, another insider, Pacheco Jack A, who serves as the EVP, COO, Pres, Mem Solutions of the company, sold 2,500 shares for $20.02 each. As a result, the insider received 50,061 and left with 220,007 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 933978432 and an Enterprise Value of 1286334848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 1.054 whereas that against EBITDA is 10.985.
Stock Price History:
The Beta on a monthly basis for SGH is 1.80, which has changed by 0.12907267 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, SGH has reached a high of $29.99, while it has fallen to a 52-week low of $12.66. The 50-Day Moving Average of the stock is -18.49%, while the 200-Day Moving Average is calculated to be -14.74%.
Shares Statistics:
For the past three months, SGH has traded an average of 1.08M shares per day and 1012670 over the past ten days. A total of 51.90M shares are outstanding, with a floating share count of 50.53M. Insiders hold about 3.39% of the company’s shares, while institutions hold 104.57% stake in the company. Shares short for SGH as of 1713139200 were 4579787 with a Short Ratio of 4.22, compared to 1710460800 on 2841941. Therefore, it implies a Short% of Shares Outstanding of 4579787 and a Short% of Float of 14.860000000000001.
Earnings Estimates
The stock of SMART Global Holdings Inc (SGH) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.3 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.3, while EPS last year was $0.66. The consensus estimate for the next quarter is $0.39, with high estimates of $0.45 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.26 and $1.15 for the fiscal current year, implying an average EPS of $1.2. EPS for the following year is $2.03, with 4.0 analysts recommending between $2.55 and $1.47.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $335.97M. There is a high estimate of $380M for the next quarter, whereas the lowest estimate is $313.9M.
A total of 4 analysts have provided revenue estimates for SGH’s current fiscal year. The highest revenue estimate was $1.19B, while the lowest revenue estimate was $1.17B, resulting in an average revenue estimate of $1.18B. In the same quarter a year ago, actual revenue was $1.44BBased on 4 analysts’ estimates, the company’s revenue will be $1.43B in the next fiscal year. The high estimate is $1.56B and the low estimate is $1.28B.
