A share price of SMART Global Holdings Inc [SGH] is currently trading at $21.30, up 0.71%. 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 8.12% over the last week, with a monthly amount glided 7.09%, 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 experienced fluctuations in its stock price throughout the past year 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 $21.30 at the most recent close of the market. An investor can expect a potential return of 37.93% based on the average SGH price forecast.
Analyzing the SGH fundamentals
Trailing Twelve Months sales for SMART Global Holdings Inc [NASDAQ:SGH] were 1.18B which represents -21.59% decline. 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 21.06 points at the first support level, and at 20.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.53, and for the 2nd resistance point, it is at 21.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SMART Global Holdings Inc [NASDAQ:SGH] 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 0.96, the price to book ratio is 2.66.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Mem Solutions, that happened on Sep 20 ’24 when 13334.0 shares were sold. EVP, COO, Pres, Mem Solutions, Pacheco Jack A completed a deal on Aug 20 ’24 to sell 13333.0 shares. Meanwhile, EVP, COO, Pres, Mem Solutions Pacheco Jack A sold 13333.0 shares on Jul 26 ’24.
