The trading price of Super Micro Computer Inc (NASDAQ:SMCI) floating higher at last check on Monday, April 01, closing at $1034.00, 2.37% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 80.82, while its 5Y monthly beta was 1.27. In examining the 52-week price action we see that the stock hit a 52-week high of $1229.00 and a 52-week low of $93.19. Over the past month, the stock has gained 19.38% in value.
Super Micro Computer Inc, whose market valuation is $60.54 billion at the time of this writing, is expected to release its quarterly earnings report Apr 30, 2024 – May 06, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $5.84 per share this quarter, however they have predicted annual earnings per share of $22.1 for 2024 and $30.83 for 2025. It means analysts are expecting annual earnings per share growth of 87.10% this year and 39.50% next year.
Analysts have forecast the company to bring in revenue of $4.01 billion for the current quarter, with the likely lows of $3.7 billion and highs of $4.51 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $14.66 billion. The company’s revenue is forecast to grow by 105.80% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Super Micro Computer Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SMCI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.68, which symbolizes a positive outlook. A quick review shows that SMCI’s price is currently -1.43% off the SMA20 and 25.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.91, and weekly volatility stands at 6.61%. When measured over the past 30 days, the indicator reaches 8.36%. Super Micro Computer Inc (NASDAQ:SMCI)’s beta value is currently sitting at 1.28, while the Average True Range indicator is currently displaying 86.87.
To see how Super Micro Computer Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SMCI stock’s performance was 2.37% at last check in today’s session, and 878.70% in the past year. Super Micro Computer Inc has a P/E ratio of 80.82.
An evaluation of the daily trading volume of Super Micro Computer Inc (NASDAQ:SMCI) indicates that the 3-month average is 10.81 million. However, this figure has increased over the past 10 days to an average of 8.23 million.
Currently, records show that 52.90 million of the company’s shares remain outstanding. The insiders hold 14.93% of outstanding shares, whereas institutions hold 68.12%. The stats also highlight that short interest as of Mar 15, 2024, stood at 4.03 million shares, resulting in a short ratio of 0.29 at that time. From this, we can conclude that short interest is 7.13% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 5.3 million. However, since the stock’s price has seen 263.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
