Moreover, the 36-month beta value for SGH is 1.68. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SGH is 51.12M and currently, short sellers hold a 11.57% of that float. On September 06, 2024, SGH’s average trading volume was 1.17M shares.
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SGH) stock’s latest price update
SMART Global Holdings Inc (NASDAQ: SGH)’s stock price has gone decline by -1.69 in comparison to its previous close of 18.90, however, the company has experienced a -6.59% decrease in its stock price over the last five trading days. businesswire.com reported 2024-08-01 that MILPITAS, Calif.–(BUSINESS WIRE)—- $SGH #ConvertibleNotes–SGH announced pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 to be offered and sold to qualified buyers.
SGH’s Market Performance
SGH’s stock has fallen by -6.59% in the past week, with a monthly drop of -2.42% and a quarterly drop of -13.46%. The volatility ratio for the week is 4.83% while the volatility levels for the last 30 days are 3.78% for SMART Global Holdings Inc The simple moving average for the last 20 days is -8.07% for SGH’s stock, with a simple moving average of -11.53% 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 $22 based on the research report published on October 13, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see SGH reach a price target of $40, previously predicting the price at $45. The rating they have provided for SGH stocks is “Buy” according to the report published on June 30th, 2022.
Rosenblatt gave a rating of “Buy” to SGH, setting the target price at $100 in the report published on December 27th of the previous year.
SGH Trading at -16.95% 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 -37.67% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 4.83%, as shares sank -0.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.02% lower at present.
During the last 5 trading sessions, SGH fell by -6.59%, which changed the moving average for the period of 200-days by +13.22% in comparison to the 20-day moving average, which settled at $20.21. In addition, SMART Global Holdings Inc saw -1.85% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SGH starting from Pacheco Jack A, who sale 13,333 shares at the price of $21.14 back on Aug 20 ’24. After this action, Pacheco Jack A now owns 211,896 shares of SMART Global Holdings Inc, valued at $281,822 using the latest closing price.
Pacheco Jack A, the EVP, COO, Pres, Mem Solutions of SMART Global Holdings Inc, sale 13,333 shares at $23.16 during a trade that took place back on Jul 26 ’24, which means that Pacheco Jack A is holding 211,896 shares at $308,835 based on the most recent closing price.
Stock Fundamentals for SGH
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.29 for the gross margin
The net margin for SMART Global Holdings Inc stands at -0.14. The total capital return value is set at 0.02. Equity return is now at value 12.15, with 2.87 for asset returns.
Based on SMART Global Holdings Inc (SGH), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is 0.56.
Currently, EBITDA for the company is 116.63 million with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.
Conclusion
To wrap up, the performance of SMART Global Holdings Inc (SGH) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
