Stocks of Super Micro Computer Inc (NASDAQ:SMCI) traded higher last session on Wall Street, down -5.42% to $1068.83.
SMCI stock price is now 54.96% away from the 50-day moving average and 184.26% away from the 200-day moving average. The market capitalization of the company currently stands at $59.78B.
With the price target of $1350, Argus recently initiated with Buy rating for Super Micro Computer Inc (NASDAQ: SMCI). On March 04, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $941, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, FAIRFAX DANIEL W, Director sold 300 shares of the company’s stock on Mar 01 ’24. The stock was sold for $264,564 at an average price of $881.88. Upon completion of the transaction, the Director now directly owns 19,787 shares in the company, valued at $21.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, Director TUAN SHERMAN sold 5,000 shares of the business’s stock. A total of $4,369,884 was realized by selling the stock at an average price of $873.98. This leaves the insider owning 22,113 shares of the company worth $23.64 million. A total of 14.93% of the company’s stock is owned by insiders.
During the past 12 months, Super Micro Computer Inc has had a low of $87.25 and a high of $1229.00. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 2.43, and a quick ratio of 1.19. According to the stock market information, the enterprise value for the company is $59.44B, which is based on a 83.54 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for SMCI is $705.53 and a two-hundred day moving average price translates $380.18 for the stock.
The latest earnings results from Super Micro Computer Inc (NASDAQ: SMCI) was released for Dec, 2023. According to the Computer Hardware Company, earnings per share came in at $5.59, beating analysts’ expectations of $4.93 by 0.66. This compares to $3.14 EPS in the same period last year. The net profit margin was 7.92% and return on equity was 29.92% for SMCI. The company reported revenue of $3.66 billion for the quarter, compared to $1.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.25 percent. For the current quarter, analysts expect SMCI to generate $3.94B in revenue.
