SMART Global Holdings Inc [SGH] stock is trading at $28.90, up 1.26%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SGH shares have gain 24.46% over the last week, with a monthly amount glided 33.36%, 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.
SMART Global Holdings Inc [SGH] stock has fluctuated between $12.66 and $29.58 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 $28.90 at the most recent close of the market. An investor can expect a potential return of 1.66% based on the average SGH price forecast.
Analyzing the SGH fundamentals
SMART Global Holdings Inc [NASDAQ:SGH] reported sales of 1.18B for the trailing twelve months, which represents a drop of -21.59%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.46 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.61.
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 28.45 points at the first support level, and at 28.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.58, and for the 2nd resistance point, it is at 30.26.
Ratios To Look Out For
For context, SMART Global Holdings Inc’s Current Ratio is 2.68. In addition, the Quick Ratio stands at 2.18 and the Cash Ratio stands at 1.29. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 3.61.
Transactions by insiders
Recent insider trading involved Clark Joseph Gates, President, LED Solutions, that happened on Jul 10 ’24 when 5000.0 shares were sold. President, LED Solutions, Clark Joseph Gates completed a deal on Apr 24 ’24 to sell 2529.0 shares. Meanwhile, President and CEO Adams Mark bought 10000.0 shares on Apr 11 ’24.
