At the time of writing, Sanmina Corp [SANM] stock is trading at $68.50, up 1.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The SANM shares have gain 6.28% over the last week, with a monthly amount drifted -2.44%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sanmina Corp [NASDAQ: SANM] stock has seen the most recent analyst activity on April 30, 2024, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $62 for it. Previously, Fox Advisors started tracking the stock with Overweight rating on March 06, 2024, and set its price target to $80. Sidoti upgraded its rating to a Buy but stick to its price target of $78 on November 08, 2022. Sidoti downgraded its rating to a Neutral. Sidoti started tracking with a Buy rating for this stock on December 22, 2021, and assigned it a price target of $61. In a note dated November 09, 2021, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $46 to $38.
For the past year, the stock price of Sanmina Corp fluctuated between $43.40 and $76.84. Currently, Wall Street analysts expect the stock to reach $62 within the next 12 months. Sanmina Corp [NASDAQ: SANM] shares were valued at $68.50 at the most recent close of the market. An investor can expect a potential drop of -9.49% based on the average SANM price forecast.
Analyzing the SANM fundamentals
According to Sanmina Corp [NASDAQ:SANM], the company’s sales were 7.60B for trailing twelve months, which represents an -16.57% plunge. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
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 67.81 points at the first support level, and at 67.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.23, and for the 2nd resistance point, it is at 69.95.
Ratios To Look Out For
It is important to note that Sanmina Corp [NASDAQ:SANM] has a current ratio of 2.03. On the other hand, the Quick Ratio is 1.27, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 17.74.
Transactions by insiders
Recent insider trading involved Mason Charlie, EVP & Global Sales, that happened on Aug 28 ’24 when 1433.0 shares were sold. Officer, Mason Charlie completed a deal on Aug 28 ’24 to buy 1433.0 shares. Meanwhile, Director ROSATI MARIO M sold 7181.0 shares on Aug 14 ’24.
