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Tuesday, June 6, 2023

Super Micro Computer Inc. (SMCI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Super Micro Computer Inc. (SMCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.08, or 0.67%, to $162.99. The Super Micro Computer Inc. has recorded 16,576 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Supermicro Launches Industry’s First NVIDIA HGX H100 8 and 4-GPU H100 Servers with Liquid Cooling — Reduces Data Center Power Costs by Up to 40%.

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Stocks Info

Super Micro Computer Inc. is listed on the NASDAQ in the Technology sector while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $161.91 and fluctuated between $165.66 as its day high and $159.58 as its day low. The current market capitalization of Super Micro Computer Inc. is $8.52B. A total of 1.43 million shares were traded on the day, compared to an average of 1.74M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SMCI has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 1,750 and the disposition of 665 shares. Over the last 12 months, there were 38 BUYs and 72 SELLs from insiders. Insiders purchased 523,403 shares during that period but sold 346,240.

In the most recent transaction, CHAN SHIU LEUNG bought 3,000 shares of SMCI for 133.88 per share on May 11. After the transaction, the Director now owns 33,000 company shares. In a previous transaction on May 11, KAO GEORGE sold 553 shares at 135.19 per share. SMCI shares that SVP, OPERATIONS owns now total 7,239.

Among the insiders who bought shares, CHAN SHIU LEUNG acquired of 1,000 shares on May 10 at a per-share price of $133.09. This resulted in the Director holding 30,000 shares of SMCI after the transaction. In another insider transaction, Lin Judy L. sold 500 shares at $97.52 per share on Feb 16. Company shares held by the Director now total 946.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SMCI in the last 3 months, the mean price target is $173.33 with high estimates of $400.00 and low estimates of $65.00. In terms of 52-week highs and lows, SMCI has a high of $171.67 and a low of $37.01.

As of this writing, SMCI has an earnings estimate of $2.43 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $2.6 per share and a lower estimate of $2.21. The company reported an EPS of $3.26 in the last quarter, which was 7.60% higher than expectations of $3.03.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SMCI’s latest balance sheet shows that the firm has $267.40M in Cash & Short Term Investments as of fiscal 2022. There were $596.76M in debt and $1.47B in liabilities at the time. Its Book Value Per Share was $33.19, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMCI is Buy with a score of 3.50.

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