The price of Super Micro Computer Inc (NASDAQ:SMCI) shares last traded on Wall Street fell -1.42% to $831.16.
SMCI stock price is now -0.49% away from the 50-day moving average and 41.37% away from the 200-day moving average. The market capitalization of the company currently stands at $48.67B.
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On March 25, 2024, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $1150, while ‘Argus’ rates the stock as ‘Buy’
In other news, FAIRFAX DANIEL W, Director sold 300 shares of the company’s stock on Jun 03 ’24. The stock was sold for $240,600 at an average price of $802.00. Upon completion of the transaction, the Director now directly owns 18,887 shares in the company, valued at $15.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Director LIU TALLY C sold 500 shares of the business’s stock. A total of $419,586 was realized by selling the stock at an average price of $839.17. This leaves the insider owning 27,813 shares of the company worth $23.12 million. A total of 14.27% of the company’s stock is owned by insiders.
During the past 12 months, Super Micro Computer Inc has had a low of $213.08 and a high of $1229.00. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 4.69, and a quick ratio of 2.29. According to the stock market information, the enterprise value for the company is $48454418432, which is based on a 46.65 price-to-earnings ratio, a 0.75 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for SMCI is $834.2474 and a two-hundred day moving average price translates $590.6828 for the stock.
The latest earnings results from Super Micro Computer Inc (NASDAQ: SMCI) was released for 2024-03-31. The net profit margin was 8.88% and return on equity was 30.57% for SMCI. The company reported revenue of $3.85 billion for the quarter, compared to $1.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 200.01 percent.
