The stock of Silicon Motion Technology Corp ADR (NASDAQ: SIMO) has increased by 7.67 when compared to last closing price of 57.09.Despite this, the company has seen a gain of 10.04% in its stock price over the last five trading days. zacks.com reported 2024-09-25 that In the most recent trading session, Silicon Motion (SIMO) closed at $57.09, indicating a +0.25% shift from the previous trading day.
Is It Worth Investing in Silicon Motion Technology Corp ADR (NASDAQ: SIMO) Right Now?
The price-to-earnings ratio for Silicon Motion Technology Corp ADR (NASDAQ: SIMO) is above average at 26.33x. The 36-month beta value for SIMO is also noteworthy at 0.82. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SIMO is 33.40M, and at present, short sellers hold a 2.95% of that float. The average trading volume of SIMO on September 27, 2024 was 343.58K shares.
SIMO’s Market Performance
SIMO’s stock has seen a 10.04% increase for the week, with a -1.01% drop in the past month and a -23.46% fall in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 3.11% for Silicon Motion Technology Corp ADR The simple moving average for the past 20 days is 5.88% for SIMO’s stock, with a -12.32% simple moving average for the past 200 days.
Analysts’ Opinion of SIMO
Many brokerage firms have already submitted their reports for SIMO stocks, with BofA Securities repeating the rating for SIMO by listing it as a “Underperform.” The predicted price for SIMO in the upcoming period, according to BofA Securities is $60 based on the research report published on August 16, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SIMO reach a price target of $88, previously predicting the price at $59. The rating they have provided for SIMO stocks is “Overweight” according to the report published on May 06th, 2024.
Craig Hallum gave a rating of “Buy” to SIMO, setting the target price at $96 in the report published on May 06th of the current year.
SIMO Trading at -2.32% from the 50-Day Moving Average
After a stumble in the market that brought SIMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.41% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -1.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.58% lower at present.
During the last 5 trading sessions, SIMO rose by +10.04%, which changed the moving average for the period of 200-days by +4.43% in comparison to the 20-day moving average, which settled at $58.02. In addition, Silicon Motion Technology Corp ADR saw 0.33% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SIMO
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.44 for the gross margin
The net margin for Silicon Motion Technology Corp ADR stands at 0.1. The total capital return value is set at 0.1. Equity return is now at value 10.17, with 7.95 for asset returns.
Currently, EBITDA for the company is 63.14 million with net debt to EBITDA at -2.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.34.
Conclusion
In summary, Silicon Motion Technology Corp ADR (SIMO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
