In yesterday’s Wall Street session, Super Micro Computer Inc (NASDAQ:SMCI) shares traded at $33.44, down -8.26% from the previous session.
SMCI stock price is now -9.05% away from the 50-day moving average and -49.68% away from the 200-day moving average. The market capitalization of the company currently stands at $18.82B.
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With the price target reduced from $50 to $23, JP Morgan Downgraded its rating from Neutral to Underweight for Super Micro Computer Inc (NASDAQ: SMCI). , while ‘Needham’ 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 $0.63 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 $0.93 million. A total of 14.41% of the company’s stock is owned by insiders.
During the past 12 months, Super Micro Computer Inc has had a low of $17.25 and a high of $122.90. 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 $20129810432, which is based on a 16.80 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for SMCI is $36.9216 and a two-hundred day moving average price translates $66.74179 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.
