The trading price of Semtech Corp. (NASDAQ:SMTC) closed higher on Monday, April 22, closing at $32.07, 3.29% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $35.80 and a 52-week low of $13.13. Over the past month, the stock has gained 39.13% in value.
Semtech Corp., whose market valuation is $2.07 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Semtech Corp. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SMTC has a 100% 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 50% Buy.
A quick review shows that SMTC’s price is currently 4.95% off the SMA20 and 27.47% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.50, and weekly volatility stands at 5.02%. When measured over the past 30 days, the indicator reaches 7.11%. Semtech Corp. (NASDAQ:SMTC)’s beta value is currently sitting at 1.75, while the Average True Range indicator is currently displaying 1.91.
To see how Semtech Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: SMTC stock’s performance was 3.29% in the latest trading, and 50.21% in the past year.
An evaluation of the daily trading volume of Semtech Corp. (NASDAQ:SMTC) indicates that the 3-month average is 2.07 million.
Currently, records show that 64.42 million of the company’s shares remain outstanding. The insiders hold 1.33% of outstanding shares, whereas institutions hold 129.81%. However, since the stock’s price has seen 46.37% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
