SMART Global Holdings Inc [SGH] stock is trading at $18.27, down -1.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The SGH shares have gain 1.90% over the last week, with a monthly amount drifted -30.74%, and not 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.
SMART Global Holdings Inc [SGH] stock has fluctuated between $12.66 and $29.99 over the past year. Currently, Wall Street analysts expect the stock to reach $29.38 within the next 12 months. SMART Global Holdings Inc [NASDAQ: SGH] shares were valued at $18.27 at the most recent close of the market. An investor can expect a potential return of 60.81% based on the average SGH price forecast.
Analyzing the SGH fundamentals
SMART Global Holdings Inc [NASDAQ:SGH] reported sales of 1.26B for the trailing twelve months, which represents a drop of -33.64%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.59 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.85.
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 18.10 points at the first support level, and at 17.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.59, and for the 2nd resistance point, it is at 18.91.
SMART Global Holdings Inc [SGH] reported earnings per share of $0.27 for its fiscal quarter that ended on 2/29/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of $0.02 and a surprise factor of 8.00%. By comparison, the stated earnings for the previous quarter ended on 11/30/2023 were $0.24 per share as compared to estimates of $0.16 per share, a difference of $0.08 representing a surprise of 50.00%.
Ratios To Look Out For
For context, SMART Global Holdings Inc’s Current Ratio is 3.30. On the other hand, the Quick Ratio is 2.66, and the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 2.36.
Transactions by insiders
Recent insider trading involved Clark Joseph Gates, President, LED Solutions, that happened on Apr 24 ’24 when 2529.0 shares were sold. President and CEO, Adams Mark completed a deal on Apr 11 ’24 to buy 10000.0 shares. Meanwhile, EVP, COO, Pres, Mem Solutions Pacheco Jack A sold 2500.0 shares on Feb 20 ’24.
