At the time of writing, SMART Global Holdings Inc [SGH] stock is trading at $23.05, up 2.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SGH shares have gain 10.82% over the last week, with a monthly amount glided 17.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Needham reaffirmed its Buy rating on June 30, 2022, and dropped its price target to $40. On December 27, 2021, Rosenblatt reiterated its Buy rating and revised its price target to $100 on the stock. Needham reiterated its Buy rating and increased its price target to $75 on July 07, 2021. Needham reiterated a Buy rating for this stock on April 07, 2021, and upped its price target to $65. In a note dated January 06, 2021, Needham reiterated an Buy rating on this stock and boosted its target price from $39 to $56.
For the past year, the stock price of SMART Global Holdings Inc fluctuated between $12.66 and $29.99. Currently, Wall Street analysts expect the stock to reach $27.75 within the next 12 months. SMART Global Holdings Inc [NASDAQ: SGH] shares were valued at $23.05 at the most recent close of the market. An investor can expect a potential return of 20.39% based on the average SGH price forecast.
Analyzing the SGH fundamentals
According to SMART Global Holdings Inc [NASDAQ:SGH], the company’s sales were 1.40B for trailing twelve months, which represents an -41.08% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.66 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.63 points at the first support level, and at 22.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.46, and for the 2nd resistance point, it is at 23.88.
SMART Global Holdings Inc [SGH] reported earnings per share of $0.24 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.08 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.35 per share as compared to estimates of $0.45 per share, a difference of -$0.1 representing a surprise of -22.20%.
Ratios To Look Out For
It is important to note that SMART Global Holdings Inc [NASDAQ:SGH] has a current ratio of 2.68. Also, the Quick Ratio is 2.11, while the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 2.92.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Mem Solutions, that happened on Feb 20 when 2500.0 shares were sold. Director, HERSCHER PENNY completed a deal on Feb 13 to sell 842.0 shares. Meanwhile, Director HERSCHER PENNY sold 2525.0 shares on Feb 12.
