The trading price of Super Micro Computer Inc (NASDAQ:SMCI) closed higher on Monday, April 22, closing at $717.02, 0.47% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 56.04. 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 lost -26.20% in value.
Super Micro Computer Inc, whose market valuation is $41.98 billion at the time of this writing. 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 $22.08 for 2024 and $31.18 for 2025. It means analysts are expecting annual earnings per share growth of 87.00% this year and 41.20% 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 Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% 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 1.16, which symbolizes a positive outlook. A quick review shows that SMCI’s price is currently -24.84% off the SMA20 and -24.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.88, and weekly volatility stands at 11.62%. When measured over the past 30 days, the indicator reaches 7.55%. Super Micro Computer Inc (NASDAQ:SMCI)’s beta value is currently sitting at 1.40, while the Average True Range indicator is currently displaying 81.01.
To see how Super Micro Computer Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SMCI stock’s performance was 0.47% in the latest trading, and 563.85% in the past year. Super Micro Computer Inc has a P/E ratio of 56.04.
An evaluation of the daily trading volume of Super Micro Computer Inc (NASDAQ:SMCI) indicates that the 3-month average is 10.91 million.
Currently, records show that 52.90 million of the company’s shares remain outstanding. The insiders hold 14.27% of outstanding shares, whereas institutions hold 70.65%. However, since the stock’s price has seen 152.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
