Thinking Of Buying Super Micro Computer Inc (NASDAQ: SMCI) Stock? Here Is What You Should Know

Super Micro Computer Inc (NASDAQ:SMCI) shares, rose in value, with the stock price up by 0.56% to the previous day’s close as strong demand from buyers drove the stock to $1015.57.

Actively observing the price movement in the last trading, the stock closed the session at $1009.91. The value of beta (5-year monthly) was 1.27 whereas the PE ratio was 79.38 over 12-month period. Referring to stock’s 52-week performance, its high was $1229.00, and the low was $93.19. On the whole, SMCI has fluctuated by -5.47% over the past month.

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With the market capitalization of Super Micro Computer Inc currently standing at about $59.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $5.84, which is expected to increase to $7.69 for fiscal year $22.1 and then to about $30.83 by fiscal year 2025. Data indicates that the EPS growth is expected to be 87.10% in 2025, while the next year’s EPS growth is forecast to be 39.50%.

Analysts have estimated the company’s revenue for the quarter at $4.01 billion, with a low estimate of $3.7 billion and a high estimate of $4.51 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $14.66 billion, representing an increase of 105.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SMCI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.65, with the price of SMCI currently trading nearly -3.49% and 19.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.03, while the 7-day volatility ratio is showing 5.60% which for the 30-day chart, stands at 8.05%. Furthermore, Super Micro Computer Inc (SMCI)’s beta value is 1.30, and its average true range (ATR) is 84.49.

A comparison of Super Micro Computer Inc (SMCI) with its peers suggests the former has fared considerably weaker in the market. SMCI showed an intraday change of 0.56% in last session, and over the past year, it grew by 853.14%%.

Data on historical trading for Super Micro Computer Inc (NASDAQ:SMCI) indicates that the trading volumes over the past 10 days have averaged 5.89 million and over the past 3 months, they’ve averaged 10.90 million. According to company’s latest data on outstanding shares, there are 52.90 million shares outstanding.

Nearly 14.93% of Super Micro Computer Inc’s shares belong to company insiders and institutional investors own 68.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.03 million shares as on Mar 15, 2024, resulting in a short ratio of 0.29. According to the data, the short interest in Super Micro Computer Inc (SMCI) stood at 7.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.3 million. The stock has risen by 257.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMCI stock heading into the next quarter.