Silicon Motion Technology Corp ADR [SIMO] stock prices are up 3.85% to $56.58 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SIMO shares have gain 8.58% over the last week, with a monthly amount drifted -4.36%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Silicon Motion Technology Corp ADR [NASDAQ: SIMO] stock has seen the most recent analyst activity on October 31, 2024, when Craig Hallum reiterated its Buy rating and also revised its price target to $90 from $96. Previously, BofA Securities downgraded its rating to Underperform on August 16, 2024, and dropped its price target to $60. On May 06, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $88 on the stock. Craig Hallum reiterated its Buy rating and increased its price target to $96 on May 06, 2024. B. Riley Securities upgraded its rating to a Buy and raised its price target to $90 on February 07, 2024. Craig Hallum reiterated a Buy rating for this stock on February 07, 2024, and upped its price target to $80. In a note dated January 04, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $54 to $77.
The stock price of Silicon Motion Technology Corp ADR [SIMO] has been fluctuating between $48.81 and $85.87 over the past year. Currently, Wall Street analysts expect the stock to reach $82 within the next 12 months. Silicon Motion Technology Corp ADR [NASDAQ: SIMO] shares were valued at $56.58 at the most recent close of the market. An investor can expect a potential return of 44.93% based on the average SIMO price forecast.
Analyzing the SIMO fundamentals
The Silicon Motion Technology Corp ADR [NASDAQ:SIMO] reported sales of 802.06M for trailing twelve months, representing a drop of -7.07%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.12 and Total Capital is 0.11.
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 54.72 points at the first support level, and at 52.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.84, and for the 2nd resistance point, it is at 59.11.
Ratios To Look Out For
It’s worth pointing out that Silicon Motion Technology Corp ADR [NASDAQ:SIMO]’s Current Ratio is 3.99. As well, the Quick Ratio is 2.98, while the Cash Ratio is 1.38. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 2.34 and price to earnings (TTM) ratio is 21.08.
Transactions by insiders
Recent insider trading involved Fan Robert, Officer, that happened on Dec 18 ’24 when 1000.0 shares were purchased. Affiliate, DUANN SHII TYNG completed a deal on Dec 04 ’24 to buy 3000.0 shares.
