At the time of writing, SMART Global Holdings Inc [SGH] stock is trading at $20.49, up 3.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SGH shares have gain 1.44% over the last week, with a monthly amount drifted -12.44%, 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.
For the past year, the stock price of SMART Global Holdings Inc fluctuated between $12.66 and $29.81. 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 $20.49 at the most recent close of the market. An investor can expect a potential return of 43.39% based on the average SGH price forecast.
Analyzing the SGH fundamentals
According to SMART Global Holdings Inc [NASDAQ:SGH], the company’s sales were 1.18B for trailing twelve months, which represents an -21.59% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.61.
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 20.04 points at the first support level, and at 19.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.92, and for the 2nd resistance point, it is at 21.34.
Ratios To Look Out For
It is important to note that SMART Global Holdings Inc [NASDAQ:SGH] has a current ratio of 2.68. As well, the Quick Ratio is 2.18, while the Cash Ratio is 1.29. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 2.56.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Mem Solutions, that happened on Aug 20 ’24 when 13333.0 shares were sold. EVP, COO, Pres, Mem Solutions, Pacheco Jack A completed a deal on Jul 26 ’24 to sell 13333.0 shares. Meanwhile, Officer JACK A PACHECO bought 46667.0 shares on Jul 26 ’24.
