In yesterday’s Wall Street session, Super Micro Computer Inc (NASDAQ:SMCI) shares traded at $51.11, up 12.23% from the previous session.
SMCI stock price is now 41.36% away from the 50-day moving average and -3.06% away from the 200-day moving average. The market capitalization of the company currently stands at $29.93B.
With the price target maintained at $48, CFRA recently Upgraded its rating from Hold to Buy for Super Micro Computer Inc (NASDAQ: SMCI). On November 06, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $50 to quote $23, while ‘Argus’ rates the stock as ‘Hold’
In other news, Liu Liang Chiu-Chu Sara, Officer bought 46,293 shares of the company’s stock on Feb 26 ’25. The stock was bought for $2,314,650 at an average price of $50.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’25, Officer KAO GEORGE bought 71,720 shares of the business’s stock. A total of $3,620,715 was incurred on buying the stock at an average price of $50.48. A total of 14.43% of the company’s stock is owned by insiders.
During the past 12 months, Super Micro Computer Inc has had a low of $17.25 and a high of $122.90. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 3.43, and a quick ratio of 1.71.
The net profit margin was 7.86% and return on equity was 36.69% for SMCI. The company reported revenue of $5.68 billion for the quarter, compared to $3.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.93 percent.
