The stock of Super Micro Computer Inc (NASDAQ:SMCI) last traded at $457.16, up 3.40% from the previous session.
SMCI stock price is now -28.57% away from the 50-day moving average and -34.23% away from the 200-day moving average. The market capitalization of the company currently stands at $26.77B.
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With the price target reduced from $950 to $500, JP Morgan Downgraded its rating from Overweight to Neutral for Super Micro Computer Inc (NASDAQ: SMCI). On September 04, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $693 to quote $438, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $8.63 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 $12.71 million. A total of 14.28% of the company’s stock is owned by insiders.
During the past 12 months, Super Micro Computer Inc has had a low of $226.59 and a high of $1229.00. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 3.77, and a quick ratio of 1.93. According to the stock market information, the enterprise value for the company is $27334348800, which is based on a 22.97 price-to-earnings ratio, a 0.37 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for SMCI is $632.195 and a two-hundred day moving average price translates $695.8765 for the stock.
The latest earnings results from Super Micro Computer Inc (NASDAQ: SMCI) was released for 2024-06-30. The net profit margin was 8.09% and return on equity was 32.47% for SMCI. The company reported revenue of $5.31 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 142.95 percent.
