In yesterday’s Wall Street session, Super Micro Computer Inc (NASDAQ:SMCI) shares traded at $761.86, up 6.25% from the previous session.
SMCI stock price is now -19.74% away from the 50-day moving average and 62.62% away from the 200-day moving average. The market capitalization of the company currently stands at $44.61B.
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 Apr 01 ’24. The stock was sold for $303,000 at an average price of $1010.00. Upon completion of the transaction, the Director now directly owns 19,487 shares in the company, valued at $14.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Director FAIRFAX DANIEL W sold 300 shares of the business’s stock. A total of $264,564 was realized by selling the stock at an average price of $881.88. This leaves the insider owning 19,787 shares of the company worth $15.07 million. A total of 14.27% 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 Computer Hardware Company, earnings per share came in at 1.63, missing analysts’ expectations of 1.71 by -0.08. 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 $3.99B in revenue.
