In yesterday’s Wall Street session, Super Micro Computer Inc (NASDAQ:SMCI) shares traded at $1025.06, down -1.70% from the previous session.
SMCI stock price is now 30.94% away from the 50-day moving average and 154.80% away from the 200-day moving average. The market capitalization of the company currently stands at $60.02B.
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With the price target of $1150, JP Morgan recently initiated with Overweight rating for Super Micro Computer Inc (NASDAQ: SMCI). On March 06, 2024, Argus recently initiated its ‘Buy’ rating on the stock quoting a target price of $1350, while ‘Goldman’ rates the stock as ‘Neutral’
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 $20.28 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 $22.67 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 $93.19 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 $59.72B, which is based on a 80.12 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for SMCI is $796.53 and a two-hundred day moving average price translates $406.15 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 $3.96B in revenue.
