There’s Still Time to Buy Super Micro Computer Inc (NASDAQ:SMCI) Stock

In yesterday’s Wall Street session, Super Micro Computer Inc (NASDAQ:SMCI) shares traded at $895.61, down -0.41% from the previous session.

SMCI stock price is now 7.00% away from the 50-day moving average and 46.51% away from the 200-day moving average. The market capitalization of the company currently stands at $52.45B.

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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 Jun 03 ’24. The stock was sold for $240,600 at an average price of $802.00. Upon completion of the transaction, the Director now directly owns 18,887 shares in the company, valued at $16.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Director LIU TALLY C sold 500 shares of the business’s stock. A total of $419,586 was realized by selling the stock at an average price of $839.17. This leaves the insider owning 27,813 shares of the company worth $24.91 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 $226.59 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 stock market information, the enterprise value for the company is $52228386816, which is based on a 50.26 price-to-earnings ratio, a 0.81 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for SMCI is $839.2118 and a two-hundred day moving average price translates $614.566 for the stock.

The latest earnings results from Super Micro Computer Inc (NASDAQ: SMCI) was released for 2024-03-31. 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.

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