SMART Global Holdings Inc. (NASDAQ:SGH) went up by 12.12% from its latest closing price compared to the recent 1-year high of $58.39. The company’s stock price has collected 0.11% of gains in the last five trading sessions. The Wall Street Journal reported 52 min ago that Koss, JPMorgan, Plug Power, Delta: What to Watch in the Stock Market 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 135.63 x from its present earnings ratio. Plus, the 36-month beta value for SGH is at 0.97. Opinions of the stock are interesting as 6 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,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $70.33, which is $19.88 above the current price. SGH currently public float of 23.18M and currently shorts hold a 9.65% ratio of that float. Today, the average trading volume of SGH was 471.61K shares.
SGH’s Market Performance
SGH stocks went up by 0.11% for the week, with a monthly drop of -10.85% and a quarterly performance of -20.46%, while its annual performance rate touched 70.80%. The volatility ratio for the week stands at 4.02% while the volatility levels for the past 30 days are set at 3.39% for SMART Global Holdings Inc.. The simple moving average for the period of the last 20 days is 5.73% for SGH stocks with a simple moving average of 6.26% for the last 200 days.
Analysts’ Opinion of SGH
Many brokerage firms have already submitted their reports for SGH stocks, with Needham repeating the rating for SGH by listing it as a “Buy.” The predicted price for SGH in the upcoming period, according to Needham is $75 based on the research report published on July 07th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see SGH reach a price target of $60. The rating they have provided for SGH stocks is “Overweight” according to the report published on April 07th, 2021.
Needham gave a rating of “Buy” to SGH, setting the target price at $65 in the report published on April 07th of the current year.
SGH Trading at 5.32% 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 -15.88% of loss for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares sank -1.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.70% upper at present.
During the last 5 trading sessions, SGH rose by +12.98%, which changed the moving average for the period of 200-days by +34.80% in comparison to the 20-day moving average, which settled at $46.42. In addition, SMART Global Holdings Inc. saw 16.42% 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 Pacheco Jack A, who sale 7,500 shares at the price of $42.09 back on Aug 20. After this action, Pacheco Jack A now owns 90,409 shares of SMART Global Holdings Inc., valued at $315,648 using the latest closing price.
SHAH AJAY, the Director of SMART Global Holdings Inc., sale 25,000 shares at $46.57 during a trade that took place back on Jul 30, which means that SHAH AJAY is holding 347,513 shares at $1,164,250 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 3.00, with 0.90 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.