Semtech Corp. (NASDAQ:SMTC) price closed higher on Tuesday, May 07, jumping 0.25% above its previous close.
A look at the daily price movement shows that the last close reads $39.71. Taking into account the 52-week price action we note that the stock hit a 52-week high of $39.92 and 52-week low of $13.13. The stock added 17.57% on its value in the past month.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SMTC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that SMTC’s price is at present 14.44% off the SMA20 and 38.83% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 77.64, with weekly volatility standing at 4.07%. The indicator jumps to 5.29% when calculated based on the past 30 days. Semtech Corp. (NASDAQ:SMTC)’s beta value is holding at 1.64, while the average true range (ATR) indicator is currently reading 1.73.
An analysis of the Semtech Corp. (NASDAQ:SMTC) stock in terms of its daily trading volume indicates that the 3-month average is 2.36 million.
Current records show that the company has 64.42M in outstanding shares. The insiders’ percentage holdings are 1.33% of outstanding shares while the percentage share held by institutions stands at 130.32%. But the 81.70% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
