Super Micro Computer Inc [NASDAQ: SMCI] price surged by 6.06 percent to reach at $23.41.
The one-year SMCI stock forecast points to a potential upside of 40.98. The average equity rating for SMCI stock is currently 2.39, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $694.46 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 2.39. 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 Neutral, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, Barclays dropped their target price from $693 to $438. The new note on the price target was released on September 04, 2024, representing the official price target for Super Micro Computer Inc stock. Previously, the target price had yet another drop from $1090 to $700, while BofA Securities kept a Neutral rating on SMCI stock.
The Average True Range (ATR) for Super Micro Computer Inc is set at 46.03, with the Price to Sales ratio for SMCI stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 4.71, with the Price to Cash per share for the same quarter was set at 28.51.
SMCI Stock Performance Analysis:
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 -6.36. With this latest performance, SMCI shares dropped by -19.62% in over the last four-week period, additionally sinking by -64.05% over the last 6 months – not to mention a rise of 53.23% 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 28.59, with the RSI for the last a single of trading hit 26.98, and the three-weeks RSI is set at 30.89 for Super Micro Computer Inc [SMCI]. The present Moving Average for the last 50 days of trading for this stock 663.36, while it was recorded at 415.24 for the last single week of trading, and 692.85 for the last 200 days.
Insight into Super Micro Computer Inc Fundamentals:
Super Micro Computer Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.93 and a Current Ratio set at 3.77.
SMCI 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 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%.
Super Micro Computer Inc [SMCI] Institutonal Ownership Details
There are presently around $57.00%, or 66.55%% of SMCI stock, in the hands of institutional investors. The top three institutional holders of SMCI stocks are: VANGUARD GROUP INC with ownership of 5.96 million shares, which is approximately 10.5558%. BLACKROCK INC., holding 4.02 million shares of the stock with an approximate value of $$3.29 billion in SMCI stocks shares; and BLACKROCK INC., currently with $$3.0 trillion in SMCI stock with ownership which is approximately 6.4923%.
