Super Micro Computer Inc [NASDAQ: SMCI] traded at a low on Tuesday, posting a -2.62 loss after which it closed the day’ session at $904.20. The company report on April 9, 2024 at 1:00 PM that Supermicro Announces Upcoming X14 Server Family with Future Support for the Intel® Xeon® 6 processor with Early Access Programs.
Supermicro’s Extensive Portfolio of Systems Offers the Flexibility to Match Today’s Demand for Workload Optimized and Liquid Cooled Data Centers and Incorporates the New Efficient-core and Performance-core Processors – Rack Scale Plug and Play Solutions for AI Factories, Enterprise/Cloud Workloads, and Edge Deployments.
Intel Vision 2024 — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, is announcing its X14 server portfolio with future support for the Intel® Xeon® 6 processor. The combination of Supermicro’s Building Block Architecture, rack plug-and-play and liquid cooling solutions, and the breadth of the new Intel Xeon 6 processor family means Supermicro can deliver optimized solutions for any workload and at any scale, with superior performance and efficiency. Accelerating customers’ time-to-solution, Supermicro is also providing early access to the new systems, which are available to qualified customers, via Supermicro’s Early Ship program and free remote access for testing and validation via the JumpStart Program.
The results of the trading session contributed to over 4014270 shares changing hands. Over the past one week, the price volatility of Super Micro Computer Inc stands at 7.42% while the volatility over the past one month is 7.60%.
The market cap for SMCI stock reached $52.94 billion, with 52.90 million shares outstanding and 49.81 million shares in the current float. Compared to the average trading volume of 11.07M shares, SMCI reached a trading volume of 4014270 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Super Micro Computer Inc [SMCI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMCI shares is $902.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMCI stock is a recommendation set at 1.89. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Super Micro Computer Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 25, 2024. While these analysts kept the previous recommendation, Argus raised their target price to Buy. The new note on the price target was released on March 06, 2024, representing the official price target for Super Micro Computer Inc stock. Previously, the target price had yet another raise to $941, while Goldman analysts kept a Neutral rating on SMCI stock.
The Average True Range (ATR) for Super Micro Computer Inc is set at 79.80, with the Price to Sales ratio for SMCI stock in the period of the last 12 months amounting to 5.72. The Price to Book ratio for the last quarter was 16.43, with the Price to Cash per share for the same quarter was set at 12.39.
How has SMCI stock performed recently?
Super Micro Computer Inc [SMCI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.47. With this latest performance, SMCI shares dropped by -20.68% in over the last four-week period, additionally plugging by 212.15% over the last 6 months – not to mention a rise of 798.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMCI stock in for the last two-week period is set at 43.77, with the RSI for the last a single of trading hit 34.96, and the three-weeks RSI is set at 48.98 for Super Micro Computer Inc [SMCI]. The present Moving Average for the last 50 days of trading for this stock 899.37, while it was recorded at 950.86 for the last single week of trading, and 439.54 for the last 200 days.
Super Micro Computer Inc [SMCI]: Deeper insight into the fundamentals
Super Micro Computer Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.19 and a Current Ratio set at 2.43.
Earnings analysis for Super Micro Computer Inc [SMCI]
With the latest financial reports released by the company, Super Micro Computer Inc posted 1.63/share EPS, while the average EPS was predicted by analysts to be reported at 1.71/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Super Micro Computer Inc go to 48.20%.
Insider trade positions for Super Micro Computer Inc [SMCI]
The top three institutional holders of SMCI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SMCI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SMCI stock with ownership which is approximately 5.8386%.
