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The closing price of SMART Global Holdings Inc (NASDAQ: SGH) was $18.63 for the day, up 0.65% from the previous closing price of $18.51. In other words, the price has increased by $0.65 from its previous closing price. On the day, 0.86 million shares were traded. SGH stock price reached its highest trading level at $19.44 during the session, while it also had its lowest trading level at $18.62.
Ratios:
Our analysis of SGH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.84. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 974293056 and an Enterprise Value of 1318236032. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 1.08 whereas that against EBITDA is 11.258.
Stock Price History:
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 -15.49%, while the 200-Day Moving Average is calculated to be -11.48%.
Shares Statistics:
SGH traded an average of 1.09M shares per day over the past three months and 1003030 shares per day 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 104.80% stake in the company. Shares short for SGH as of 1713139200 were 4579787 with a Short Ratio of 4.21, compared to 1710460800 on 2841941. Therefore, it implies a Short% of Shares Outstanding of 4579787 and a Short% of Float of 14.860000000000001.
