KeyBanc Capital Markets slashes price target on Super Micro Computer Inc [SMCI] – find out why.

ETSY Stock

Super Micro Computer Inc [NASDAQ: SMCI] traded at a low on Tuesday, posting a -0.55 loss after which it closed the day’ session at $898.95.

The results of the trading session contributed to over 5899557 shares changing hands. Over the past one week, the price volatility of Super Micro Computer Inc stands at 8.32% while the volatility over the past one month is 7.67%.

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The market cap for SMCI stock reached $52.64 billion, with 52.90 million shares outstanding and 50.20 million shares in the current float. Compared to the average trading volume of 7.83M shares, SMCI reached a trading volume of 5899557 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 $1059.03 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 1.85. 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.

KeyBanc Capital Markets have made an estimate for Super Micro Computer Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on March 25, 2024, representing the official price target for Super Micro Computer Inc stock. Previously, the target price had yet another raise to $1350, while Argus analysts kept a Buy rating on SMCI stock.

The Average True Range (ATR) for Super Micro Computer Inc is set at 67.40, with the Price to Sales ratio for SMCI stock in the period of the last 12 months amounting to 4.45. The Price to Book ratio for the last quarter was 10.33, with the Price to Cash per share for the same quarter was set at 36.12.

How has SMCI stock performed recently?

Super Micro Computer Inc [SMCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.31. With this latest performance, SMCI shares gained by 25.37% in over the last four-week period, additionally plugging by 211.50% over the last 6 months – not to mention a rise of 447.51% 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 54.11, with the RSI for the last a single of trading hit 57.46, and the three-weeks RSI is set at 52.65 for Super Micro Computer Inc [SMCI]. The present Moving Average for the last 50 days of trading for this stock 910.90, while it was recorded at 909.51 for the last single week of trading, and 523.30 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 2.29 and a Current Ratio set at 4.69.

Earnings analysis for Super Micro Computer Inc [SMCI]

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 62.40%.

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%.

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