Sanmina Corp [NASDAQ: SANM] stock went on an upward path that rose over 0.25% on Thursday, amounting to a one-week price increase of more than 2.96%.
Over the last 12 months, SANM stock rose by 17.91%. The one-year Sanmina Corp stock forecast points to a potential downside of -8.9. The average equity rating for SANM stock is currently 2.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.76 billion, with 56.83 million shares outstanding and 53.44 million shares in the current float. Compared to the average trading volume of 360.93K shares, SANM stock reached a trading volume of 503171 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sanmina Corp [SANM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SANM shares is $62.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SANM stock is a recommendation set at 2.67. 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.
Craig Hallum have made an estimate for Sanmina Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 30, 2024. While these analysts kept the previous recommendation, Fox Advisors raised their target price to Overweight. The new note on the price target was released on March 06, 2024, representing the official price target for Sanmina Corp stock. Previously, the target price had yet another raise to $45, while BofA Securities analysts kept a Underperform rating on SANM stock.
The Average True Range (ATR) for Sanmina Corp is set at 1.57, with the Price to Sales ratio for SANM stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 11.74. Price to Free Cash Flow for SANM in the course of the last twelve months was 21.19 with Quick ratio for the last quarter at 1.25.
SANM Stock Performance Analysis:
Sanmina Corp [SANM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, SANM shares gained by 3.21% in over the last four-week period, additionally plugging by 35.80% over the last 6 months – not to mention a rise of 17.91% 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 SANM stock in for the last two-week period is set at 59.30, with the RSI for the last a single of trading hit 60.04, and the three-weeks RSI is set at 58.96 for Sanmina Corp [SANM]. The present Moving Average for the last 50 days of trading for this stock 63.60, while it was recorded at 66.74 for the last single week of trading, and 56.78 for the last 200 days.
Insight into Sanmina Corp Fundamentals:
Sanmina Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 2.00.
SANM Stock EPS
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 SANM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sanmina Corp go to 4.20%.
Sanmina Corp [SANM] Institutonal Ownership Details
The top three institutional holders of SANM 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 SANM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SANM stock with ownership which is approximately 5.8386%.
