How did Super Group (SGHC) Limited (SGHC) surprise investors with its report?

Super Group (SGHC) Limited [SGHC] stock is trading at $3.26, up 3.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.

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From an analyst’s perspective:

Super Group (SGHC) Limited [NYSE: SGHC] stock has seen the most recent analyst activity on March 07, 2024, when Needham reiterated its Buy rating and also boosted its price target to $6 from $5. Previously, The Benchmark Company upgraded its rating to Buy on August 18, 2023, and kept the price target unchanged to $4.50. On March 14, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $5 on the stock. The Benchmark Company downgraded its rating to a Hold. Canaccord Genuity initiated its recommendation with a Buy and recommended $14 as its price target on April 22, 2022. Needham started tracking with a Buy rating for this stock on March 14, 2022, and assigned it a price target of $11. In a note dated March 07, 2022, Oppenheimer initiated an Outperform rating and provided a target price of $11 on this stock.

Super Group (SGHC) Limited [SGHC] stock has fluctuated between $2.63 and $4.00 over the past year. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. Super Group (SGHC) Limited [NYSE: SGHC] shares were valued at $3.26 at the most recent close of the market. An investor can expect a potential return of 160.74% based on the average SGHC price forecast.

Analyzing the SGHC fundamentals

Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.

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 3.14 points at the first support level, and at 3.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.36, and for the 2nd resistance point, it is at 3.46.

Super Group (SGHC) Limited [SGHC] reported earnings per share of $0.02 for its fiscal quarter that ended on 9/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 6/30/2023 were $0.07 per share as compared to estimates of $0.02 per share, a difference of $0.05 representing a surprise of 250.00%.

Ratios To Look Out For

For context, Super Group (SGHC) Limited’s Current Ratio is 1.31.

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