Super Micro Computer Inc [SMCI] stock is trading at $1037.15, up 2.69%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMCI shares have gain 6.62% over the last week, with a monthly amount glided 19.75%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 19, March 2024, Supermicro Announces Pricing of Public Offering of Common Stock. In a post published today on Yahoo Finance, Super Micro Computer, Inc. (“Supermicro” or the “Company”) (Nasdaq: SMCI), today announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $875.00 per share. Additionally, the Company has granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to Supermicro are expected to be $1.75 billion before deducting underwriting discounts, commissions and estimated offering expenses, and assuming no exercise of the underwriter’s option to purchase additional shares. The offering is expected to close on or about March 22, 2024, subject to customary closing conditions.
From an analyst’s perspective:
Super Micro Computer Inc [NASDAQ: SMCI] stock has seen the most recent analyst activity on March 25, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $1150. Previously, Argus started tracking the stock with Buy rating on March 06, 2024, and set its price target to $1350. On March 04, 2024, Goldman initiated with a Neutral rating and assigned a price target of $941 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $1040 on February 15, 2024. Susquehanna downgraded its rating to a Negative and reduced its price target to $160 on December 11, 2023. Nomura started tracking with a Buy rating for this stock on October 20, 2023, and assigned it a price target of $413. In a note dated September 19, 2023, Barclays initiated an Overweight rating and provided a target price of $327 on this stock.
Super Micro Computer Inc [SMCI] stock has fluctuated between $93.19 and $1229.00 over the past year. Currently, Wall Street analysts expect the stock to reach $633.33 within the next 12 months. Super Micro Computer Inc [NASDAQ: SMCI] shares were valued at $1037.15 at the most recent close of the market. An investor can expect a potential drop of -38.94% based on the average SMCI price forecast.
Analyzing the SMCI fundamentals
Super Micro Computer Inc [NASDAQ:SMCI] reported sales of 9.25B for the trailing twelve months, which represents a growth of 103.25%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.33 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 1,005.10 points at the first support level, and at 973.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,069.10, and for the 2nd resistance point, it is at 1,101.05.
Super Micro Computer Inc [SMCI] reported earnings per share of $5.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.93/share, meaning a difference of $0.66 and a surprise factor of 13.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.43 per share as compared to estimates of $3.06 per share, a difference of $0.37 representing a surprise of 12.10%.
Ratios To Look Out For
For context, Super Micro Computer Inc’s Current Ratio is 2.43. Also, the Quick Ratio is 1.19, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 6.56, the price to book ratio is 18.85 and price to earnings (TTM) ratio is 81.07.
Transactions by insiders
Recent insider trading involved FAIRFAX DANIEL W, Director, that happened on Mar 01 ’24 when 300.0 shares were sold. Director, TUAN SHERMAN completed a deal on Feb 29 ’24 to sell 5000.0 shares. Meanwhile, SVP, OPERATIONS KAO GEORGE sold 1884.0 shares on Feb 15 ’24.
