A share price of SMART Global Holdings Inc [SGH] is currently trading at $23.96, up 3.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SGH shares have gain 4.77% over the last week, with a monthly amount glided 11.60%, 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
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 experienced fluctuations in its stock price throughout the past year between $12.66 and $27.88. 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 $23.96 at the most recent close of the market. An investor can expect a potential return of 22.62% based on the average SGH price forecast.
Analyzing the SGH fundamentals
Trailing Twelve Months sales for SMART Global Holdings Inc [NASDAQ:SGH] were 1.26B which represents -33.64% decline. 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 23.51 points at the first support level, and at 23.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.40, and for the 2nd resistance point, it is at 24.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SMART Global Holdings Inc [NASDAQ:SGH] is 3.30. Further, the Quick Ratio stands at 2.66, while the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 3.09.
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.
