The stock price of Super Micro Computer Inc (NASDAQ: SMCI) has dropped by -2.53 compared to previous close of 624.65. Despite this, the company has seen a fall of -12.74% in its stock price over the last five trading days. fool.com reported 2024-08-05 that Investors have been banking on the vast potential of generative AI. The unwinding of a “carry trade” rocked global markets, and Nvidia suffered a rare fumble.
Is It Worth Investing in Super Micro Computer Inc (NASDAQ: SMCI) Right Now?
Super Micro Computer Inc (NASDAQ: SMCI) has a price-to-earnings ratio that is above its average at 34.17x. The stock has a 36-month beta value of 1.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for SMCI is 50.20M, and at present, short sellers hold a 8.45% of that float. On August 06, 2024, the average trading volume of SMCI was 6.18M shares.
SMCI’s Market Performance
SMCI stock saw a decrease of -12.74% in the past week, with a monthly decline of -28.08% and a quarterly a decrease of -22.21%. The volatility ratio for the week is 9.92%, and the volatility levels for the last 30 days are 7.11% for Super Micro Computer Inc (SMCI). The simple moving average for the last 20 days is -22.61% for SMCI’s stock, with a simple moving average of -7.68% for the last 200 days.
Analysts’ Opinion of SMCI
Many brokerage firms have already submitted their reports for SMCI stocks, with Nomura repeating the rating for SMCI by listing it as a “Neutral.” The predicted price for SMCI in the upcoming period, according to Nomura is $930 based on the research report published on July 10, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to SMCI, setting the target price at $1150 in the report published on March 25th of the current year.
SMCI Trading at -25.37% from the 50-Day Moving Average
After a stumble in the market that brought SMCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.46% of loss for the given period.
Volatility was left at 7.11%, however, over the last 30 days, the volatility rate increased by 9.92%, as shares sank -32.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.28% lower at present.
During the last 5 trading sessions, SMCI fell by -12.74%, which changed the moving average for the period of 200-days by +103.94% in comparison to the 20-day moving average, which settled at $772.22. In addition, Super Micro Computer Inc saw 114.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMCI starting from FAIRFAX DANIEL W, who sale 300 shares at the price of $802.00 back on Jun 03 ’24. After this action, FAIRFAX DANIEL W now owns 18,887 shares of Super Micro Computer Inc, valued at $240,600 using the latest closing price.
LIU TALLY C, the Director of Super Micro Computer Inc, sale 500 shares at $839.17 during a trade that took place back on May 30 ’24, which means that LIU TALLY C is holding 27,813 shares at $419,586 based on the most recent closing price.
Stock Fundamentals for SMCI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.16 for the gross margin
The net margin for Super Micro Computer Inc stands at 0.09. The total capital return value is set at 0.16. Equity return is now at value 30.57, with 17.40 for asset returns.
Based on Super Micro Computer Inc (SMCI), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.99. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 58.18.
Currently, EBITDA for the company is 764.79 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 7.03for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.69.
Conclusion
To sum up, Super Micro Computer Inc (SMCI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
