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In the latest session, SMART Global Holdings Inc (NASDAQ: SGH) closed at $20.75 down -1.57% from its previous closing price of $21.08. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 0.51 million shares were traded. SGH stock price reached its highest trading level at $21.52 during the session, while it also had its lowest trading level at $20.695.
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 2.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.18 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 1.72 whereas as Long-Term Debt/Eq ratio is at 1.72.
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 Jul 26 ’24 when Pacheco Jack A sold 13,333 shares for $23.16 per share. The transaction valued at 308,835 led to the insider holds 211,896 shares of the business.
JACK A PACHECO bought 46,667 shares of SGH for $1,062,141 on Jul 26 ’24. On Jul 24 ’24, another insider, Clark Joseph Gates, who serves as the President, LED Solutions of the company, sold 2,527 shares for $23.67 each. As a result, the insider received 59,805 and left with 82,518 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 1097982080 and an Enterprise Value of 1374777856. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 2.59. Its current Enterprise Value per Revenue stands at 1.169 whereas that against EBITDA is 13.049.
Stock Price History:
Over the past 52 weeks, SGH has reached a high of $29.81, while it has fallen to a 52-week low of $12.66. The 50-Day Moving Average of the stock is -9.13%, while the 200-Day Moving Average is calculated to be -0.04%.
Shares Statistics:
For the past three months, SGH has traded an average of 1.14M shares per day and 782200 over the past ten days. A total of 51.90M shares are outstanding, with a floating share count of 51.07M. Insiders hold about 3.48% of the company’s shares, while institutions hold 106.17% stake in the company. Shares short for SGH as of 1722384000 were 5176599 with a Short Ratio of 4.56, compared to 1719532800 on 4882673. Therefore, it implies a Short% of Shares Outstanding of 5176599 and a Short% of Float of 14.249999999999998.
