The price of SMART Global Holdings Inc (NASDAQ: SGH) closed at $26.48 in the last session, down -1.56% from day before closing price of $26.90. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 519846 shares were traded. SGH stock price reached its highest trading level at $27.15 during the session, while it also had its lowest trading level at $26.08.
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Ratios:
We take a closer look at SGH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.59. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 2.05 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 ’24 when Pacheco Jack A sold 2,500 shares for $20.02 per share. The transaction valued at 50,061 led to the insider holds 220,007 shares of the business.
HERSCHER PENNY sold 842 shares of SGH for $18,207 on Feb 13 ’24. The Director now owns 11,871 shares after completing the transaction at $21.62 per share. On Feb 12 ’24, another insider, HERSCHER PENNY, who serves as the Director of the company, sold 2,525 shares for $22.62 each. As a result, the insider received 57,127 and left with 12,713 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 1.37B and an Enterprise Value of 1.66B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 1.25 whereas that against EBITDA is 30.30.
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 22.30, while the 200-Day Moving Average is calculated to be 21.79.
Shares Statistics:
According to the various share statistics, SGH traded on average about 1.01M shares per day over the past 3-months and 1.65M shares per day over the past 10 days. A total of 51.90M shares are outstanding, with a floating share count of 50.05M. Insiders hold about 3.44% of the company’s shares, while institutions hold 105.63% stake in the company. Shares short for SGH as of Mar 15, 2024 were 2.84M with a Short Ratio of 2.81, compared to 2.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.48% and a Short% of Float of 9.22%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.25, while EPS last year was $0.76. The consensus estimate for the next quarter is $0.28, with high estimates of $0.35 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.26 and $1.04 for the fiscal current year, implying an average EPS of $1.15. EPS for the following year is $2.1, with 4 analysts recommending between $2.95 and $1.25.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for SGH’s current fiscal year. The highest revenue estimate was $1.23B, while the lowest revenue estimate was $1.16B, resulting in an average revenue estimate of $1.2B. In the same quarter a year ago, actual revenue was $1.44B, down -16.60% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.48B in the next fiscal year. The high estimate is $1.68B and the low estimate is $1.28B. The average revenue growth estimate for next year is up 22.70% from the average revenue estimate for this year.
