SMART Global Holdings Inc. (NASDAQ:SGH) went down by -5.02% from its latest closing price compared to the recent 1-year high of $39.08. The company’s stock price has collected -3.60% of loss in the last five trading sessions. Press Release reported on 10/01/20 that SMART Global Holdings Reports Fourth Quarter and Full Year Fiscal 2020 Financial Results
Is It Worth Investing in SMART Global Holdings Inc. (NASDAQ :SGH) Right Now?
Plus, the 36-month beta value for SGH is at 0.87. Opinions of the stock are interesting as 5 analysts out of 6 who provided ratings for SMART Global Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $35.33, which is $10.53 above the current price. SGH currently public float of 13.25M and currently shorts hold a 14.05% ratio of that float. Today, the average trading volume of SGH was 206.08K shares.
SGH’s Market Performance
SGH stocks went down by -3.60% for the week, with a monthly drop of -7.47% and a quarterly performance of -10.40%, while its annual performance rate touched -2.05%. The volatility ratio for the week stands at 4.57% while the volatility levels for the past 30 days are set at 4.17% for SMART Global Holdings Inc.. The simple moving average for the period of the last 20 days is -9.13% for SGH stocks with a simple moving average of -14.30% for the last 200 days.
Analysts’ Opinion of SGH
Many brokerage firms have already submitted their reports for SGH stocks, with Rosenblatt repeating the rating for SGH by listing it as a “Buy.” The predicted price for SGH in the upcoming period, according to Rosenblatt is $45 based on the research report published on June 05th of the current year 2020.
Barclays, on the other hand, stated in their research note that they expect to see SGH reach a price target of $26. The rating they have provided for SGH stocks is “Equal Weight” according to the report published on April 17th, 2020.
Needham gave a rating of “Buy” to SGH, setting the target price at $35 in the report published on April 08th of the current year.
SGH Trading at -10.24% from the 50-Day Moving Average
After a stumble in the market that brought SGH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.51% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -6.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.27% lower at present.
During the last 5 trading sessions, SGH fell by -10.51%, which changed the moving average for the period of 200-days by -31.33% in comparison to the 20-day moving average, which settled at $25.93. In addition, SMART Global Holdings Inc. saw -34.40% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SGH starting from Dow Stephen C., who sale 696 shares at the price of $27.79 back on Jul 20. After this action, Dow Stephen C. now owns 25,204 shares of SMART Global Holdings Inc., valued at $19,345 using the latest closing price.
Pacheco Jack A, the Executive VP, CFO, COO of SMART Global Holdings Inc., sale 11,250 shares at $30.00 during a trade that took place back on Jun 05, which means that Pacheco Jack A is holding 85,208 shares at $337,500 based on the most recent closing price.
Stock Fundamentals for SGH
Current profitability levels for the company are sitting at:
- +3.99 for the present operating margin
- +18.29 for the gross margin
The net margin for SMART Global Holdings Inc. stands at -0.10. The total capital return value is set at 9.16, while invested capital returns managed to touch -0.24. Equity return is now at value -0.70, with -0.20 for asset returns.
Based on SMART Global Holdings Inc. (SGH), the company’s capital structure generated 76.71 points at debt to equity in total, while total debt to capital is 43.41. Total debt to assets is 27.51, with long-term debt to equity ratio resting at 76.71. Finally, the long-term debt to capital ratio is 43.41.
Currently, EBITDA for the company is 30.84M with total debt to EBITDA at 2.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.59, with the company’s debt to enterprise value settled at 0.33. The receivables turnover for the company is 4.98 and the total asset turnover is 1.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.