Stock Market Recap: Super Micro Computer Inc (SMCI) Concludes at 897.68, a -1.35 Surge/Decline

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After finishing at $909.96 in the prior trading day, Super Micro Computer Inc (NASDAQ: SMCI) closed at $897.68, down -1.35%. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 8.64 million shares were traded. SMCI stock price reached its highest trading level at $963.3 during the session, while it also had its lowest trading level at $882.2202.

Ratios:

Our goal is to gain a better understanding of SMCI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 4.69. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.35.

On March 25, 2024, JP Morgan started tracking the stock assigning a Overweight rating and target price of $1150.JP Morgan initiated its Overweight rating on March 25, 2024, with a $1150 target price.

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 Jun 03 ’24 when FAIRFAX DANIEL W sold 300 shares for $802.00 per share. The transaction valued at 240,600 led to the insider holds 18,887 shares of the business.

LIU TALLY C sold 500 shares of SMCI for $419,586 on May 30 ’24. The Director now owns 27,813 shares after completing the transaction at $839.17 per share. On May 01 ’24, another insider, FAIRFAX DANIEL W, who serves as the Director of the company, sold 300 shares for $777.36 each. As a result, the insider received 233,208 and left with 19,187 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, SMCI now has a Market Capitalization of 52565000192 and an Enterprise Value of 53068673024. As of this moment, Super’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.38, and their Forward P/E ratio for the next fiscal year is 26.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.45 while its Price-to-Book (P/B) ratio in mrq is 10.32. Its current Enterprise Value per Revenue stands at 4.49 whereas that against EBITDA is 44.701.

Stock Price History:

The Beta on a monthly basis for SMCI is 1.27, which has changed by 1.8579147 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, SMCI has reached a high of $1229.00, while it has fallen to a 52-week low of $226.59. The 50-Day Moving Average of the stock is 6.73%, while the 200-Day Moving Average is calculated to be 43.75%.

Shares Statistics:

The stock has traded on average 6.64M shares per day over the past 3-months and 6932310 shares per day over the last 10 days, according to various share statistics. A total of 52.90M shares are outstanding, with a floating share count of 50.20M. Insiders hold about 14.27% of the company’s shares, while institutions hold 59.37% stake in the company. Shares short for SMCI as of 1719532800 were 4602663 with a Short Ratio of 0.69, compared to 1717113600 on 4057206. Therefore, it implies a Short% of Shares Outstanding of 4602663 and a Short% of Float of 10.31.

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