In yesterday’s Wall Street session, SMART Global Holdings Inc (NASDAQ:SGH) shares traded at $19.44, down -1.22% from the previous session.
SGH stock price is now -14.99% away from the 50-day moving average and -10.63% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
On June 30, 2022, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $45 to quote $40, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Adams Mark, President and CEO bought 10,000 shares of the company’s stock on Apr 11 ’24. The stock was bought for $187,896 at an average price of $18.79. Upon completion of the transaction, the President and CEO now directly owns 29,640 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, EVP, COO, Pres, Mem Solutions Pacheco Jack A sold 2,500 shares of the business’s stock. A total of $50,061 was realized by selling the stock at an average price of $20.02. This leaves the insider owning 220,007 shares of the company worth $4.28 million. A total of 3.44% of the company’s stock is owned by insiders.
During the past 12 months, SMART Global Holdings Inc has had a low of $12.66 and a high of $29.99. As of last week, the company has a debt-to-equity ratio of 1.98, a current ratio of 3.30, and a quick ratio of 2.66. The fifty day moving average price for SGH is $22.84 and a two-hundred day moving average price translates $21.72 for the stock.
The latest earnings results from SMART Global Holdings Inc (NASDAQ: SGH) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $0.27, beating analysts’ expectations of $0.25 by 0.02. This compares to $0.13 EPS in the same period last year. The net profit margin was -15.09% and return on equity was 4.10% for SGH. The company reported revenue of $284.82 million for the quarter, compared to $388.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.66 percent. For the current quarter, analysts expect SGH to generate $304.4M in revenue.
