Sanmina Corp (NASDAQ:SANM) price on Friday, May 02, rose 2.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $80.23.
A look at the stock’s price movement, the close in the last trading session was $78.51, moving within a range at $78.31 and $80.665. The beta value (5-Year monthly) was 1.001 while the PE ratio in trailing twelve months stood at 18.56. Turning to its 52-week performance, $91.12 and $60.54 were the 52-week high and 52-week low respectively. Overall, SANM moved 3.51% over the past month.
Sanmina Corp’s market cap currently stands at around $4.29 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-27.
Analysts have a consensus estimate of 1.98B for the company’s revenue for the quarter, with a low and high estimate of 1.98B and 1.98B respectively. The average forecast suggests up to a 7.52% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.1B, representing a 7.05% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SANM is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend SANM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SANM’s current price about 5.43% and 4.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.08, while 7-day volatility ratio is 3.91% and 5.22% in the 30-day chart. Further, Sanmina Corp (SANM) has a beta value of 1.13, and an average true range (ATR) of 3.58. Analysts have given the company’s stock an average 52-week price target of $62, forecast between a low of $62 and high of $62. Looking at the price targets, the low is 22.72% off current price level while to achieve the yearly target high, price needs to move 22.72%. Nonetheless, investors will most likely welcome a 22.72% jump to $62 which is the analysts’ median price.
If we refocus on Sanmina Corp (NASDAQ:SANM), historical trading data shows that trading volumes averaged 0.41 over the past 10 days and 425.11K over the past 3 months. The company’s latest data on shares outstanding shows there are 53.45 million shares.
The 3.49% of Sanmina Corp’s shares are in the hands of company insiders while institutional holders own 99.06% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.33 million on 2025-04-15, giving us a short ratio of 3.09. The data shows that as of 2025-04-15 short interest in Sanmina Corp (SANM) stood at 383.99998 of shares outstanding, with shares short rising to 1.25 million registered in 2025-03-14. Current price change has pushed the stock 6.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SANM stock continues to rise going into the next quarter.
