SMART Global Holdings Inc. (NASDAQ:SGH) went up by 10.33% from its latest closing price compared to the recent 1-year high of $50.29. The company’s stock price has collected 10.33% of gains in the last five trading sessions. The Wall Street Journal reported 1 hour ago that Beyond Meat, DraftKings, Carnival: What to Watch When the Stock Market Opens Today
Is It Worth Investing in SMART Global Holdings Inc. (NASDAQ :SGH) Right Now?
SMART Global Holdings Inc. (NASDAQ:SGH) scored a price-to-earnings ratio above its average ratio, recording 2706.11 x from its present earnings ratio. Plus, the 36-month beta value for SGH is at 0.98. Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for SMART Global Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $57.20, which is -$0.94 below the current price. SGH currently public float of 16.33M and currently shorts hold a 11.81% ratio of that float. Today, the average trading volume of SGH was 242.57K shares.
SGH’s Market Performance
SGH stocks went up by 10.33% for the week, with a monthly jump of 9.02% and a quarterly performance of 26.06%, while its annual performance rate touched 135.66%. The volatility ratio for the week stands at 4.25% while the volatility levels for the past 30 days are set at 4.60% for SMART Global Holdings Inc.. The simple moving average for the period of the last 20 days is 17.35% for SGH stocks with a simple moving average of 62.36% for the last 200 days.
Analysts’ Opinion of SGH
Many brokerage firms have already submitted their reports for SGH stocks, with Barclays repeating the rating for SGH by listing it as a “Overweight.” The predicted price for SGH in the upcoming period, according to Barclays is $60 based on the research report published on April 07th of the current year 2021.
Needham, on the other hand, stated in their research note that they expect to see SGH reach a price target of $65, previously predicting the price at $56. The rating they have provided for SGH stocks is “Buy” according to the report published on April 07th, 2021.
Needham gave a rating of “Buy” to SGH, setting the target price at $56 in the report published on January 06th of the current year.
SGH Trading at 19.86% 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 able to rebound, for now settling with 6.85% of gains for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares surge +17.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.26% upper at present.
During the last 5 trading sessions, SGH rose by +21.49%, which changed the moving average for the period of 200-days by +105.51% in comparison to the 20-day moving average, which settled at $46.18. In addition, SMART Global Holdings Inc. saw 29.44% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SGH starting from Kim KiWan, who sale 12,500 shares at the price of $46.22 back on Mar 22. After this action, Kim KiWan now owns 40,750 shares of SMART Global Holdings Inc., valued at $577,740 using the latest closing price.
Pacheco Jack A, the EVP, CFO, COO, Pres SMART Mem of SMART Global Holdings Inc., sale 3,750 shares at $46.25 during a trade that took place back on Mar 22, which means that Pacheco Jack A is holding 94,806 shares at $173,434 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 9.11, while invested capital returns managed to touch -0.24. Equity return is now at value 0.20, with 0.10 for asset returns.
Based on SMART Global Holdings Inc. (SGH), the company’s capital structure generated 78.59 points at debt to equity in total, while total debt to capital is 44.01. Total debt to assets is 28.19, with long-term debt to equity ratio resting at 76.71. Finally, the long-term debt to capital ratio is 42.95.
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 4.84 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.