The stock of Super Micro Computer Inc (NASDAQ:SMCI) last traded at $822.64, up 0.41% from the previous session.
SMCI stock price is now -12.63% away from the 50-day moving average and 65.62% away from the 200-day moving average. The market capitalization of the company currently stands at $48.17B.
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On March 25, 2024, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $1150, while ‘Argus’ rates the stock as ‘Buy’
In other news, FAIRFAX DANIEL W, Director sold 300 shares of the company’s stock on May 01 ’24. The stock was sold for $233,208 at an average price of $777.36. Upon completion of the transaction, the Director now directly owns 19,187 shares in the company, valued at $15.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’24, Director Liu Liang Chiu-Chu Sara sold 525 shares of the business’s stock. A total of $456,552 was realized by selling the stock at an average price of $869.62. This leaves the insider owning 3,459 shares of the company worth $2.85 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 $131.06 and a high of $1229.00. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 4.69, and a quick ratio of 2.29.
According to the Computer Hardware Company, earnings per share came in at 3.51, beating analysts’ expectations of 2.96 by 0.55. This compares to $1.53 EPS in the same period last year. The net profit margin was 8.88% and return on equity was 30.57% for SMCI. The company reported revenue of $3.85 billion for the quarter, compared to $1.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 200.01 percent. For the current quarter, analysts expect SMCI to generate $5.27B in revenue.
