In the latest session, Sanmina Corp (NASDAQ: SANM) closed at $58.83 down -1.31% from its previous closing price of $59.61. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 571824 shares were traded. SANM stock price reached its highest trading level at $60.26 during the session, while it also had its lowest trading level at $58.78.
Ratios:
For a deeper understanding of Sanmina Corp’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 5.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.17.
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 this company, Fox Advisors on March 06, 2024, initiated with a Overweight rating and assigned the stock a target price of $80.
Sidoti Upgraded its Neutral to Buy on November 08, 2022, while the target price for the stock was maintained at $78.
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 Feb 23 ’24 when ROSATI MARIO M sold 8,598 shares for $60.76 per share. The transaction valued at 522,380 led to the insider holds 88,666 shares of the business.
Johnson Susan A sold 1,000 shares of SANM for $60,640 on Feb 16 ’24. The Director now owns 7,811 shares after completing the transaction at $60.64 per share. On Feb 02 ’24, another insider, Licata Joseph G Jr, who serves as the Director of the company, sold 24,341 shares for $60.59 each. As a result, the insider received 1,474,943 and left with 47,322 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, SANM now has a Market Capitalization of 3.32B and an Enterprise Value of 3.02B. As of this moment, Sanmina’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.68, and their Forward P/E ratio for the next fiscal year is 9.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 0.36 whereas that against EBITDA is 5.64.
Stock Price History:
Over the past 52 weeks, SANM has reached a high of $69.69, while it has fallen to a 52-week low of $43.40. The 50-Day Moving Average of the stock is 58.22, while the 200-Day Moving Average is calculated to be 55.08.
Shares Statistics:
For the past three months, SANM has traded an average of 548.38K shares per day and 485.27k over the past ten days. A total of 56.83M shares are outstanding, with a floating share count of 53.78M. Insiders hold about 3.58% of the company’s shares, while institutions hold 95.34% stake in the company. Shares short for SANM as of Feb 29, 2024 were 1.27M with a Short Ratio of 2.32, compared to 2.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.28% and a Short% of Float of 3.40%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.25 for the current quarter, with a high estimate of $1.27 and a low estimate of $1.24, while EPS last year was $1.59. The consensus estimate for the next quarter is $1.36, with high estimates of $1.48 and low estimates of $1.26.
Analysts are recommending an EPS of between $5.7 and $5.31 for the fiscal current year, implying an average EPS of $5.5. EPS for the following year is $6.46, with 5 analysts recommending between $7.01 and $6.24.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for SANM’s current fiscal year. The highest revenue estimate was $7.98B, while the lowest revenue estimate was $7.8B, resulting in an average revenue estimate of $7.88B. In the same quarter a year ago, actual revenue was $8.94B, down -11.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $8.79B in the next fiscal year. The high estimate is $9B and the low estimate is $8.65B. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.
