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Wednesday, December 6, 2023

Searching For Real Value In Market Debris At SMART Global Holdings Inc (NASDAQ: SGH)

After Hours

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. After-hours trades for SMART Global Holdings Inc (SGH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.39%, to $15.50. The SMART Global Holdings Inc has recorded 18,885 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Stratus Showcases Proven Edge Computing Platforms at Automation Fair 2023.

Stocks Info

SGH belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $15.56 and fluctuated between $15.75 as its day high and $15.14 as its day low. The current market capitalization of SMART Global Holdings Inc is $807.88M. A total of 0.92 million shares were traded on the day, compared to an average of 769.59K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SGH has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 7,500 and the disposition of 7,500 shares. Over the last 12 months, there were 18 BUYs and 39 SELLs from insiders. Insiders purchased 439,150 shares during that period but sold 446,661.

In the most recent transaction, Rizvi Ken bought 1,800 shares of SGH for 13.57 per share on Oct 23. After the transaction, the SVP and CFO now owns 165,883 company shares. In a previous transaction on Sep 20, Pacheco Jack A sold 2,500 shares at 23.37 per share. SGH shares that EVP, COO, Pres, Mem Solutions owns now total 202,375.

Among the insiders who sold shares, Pacheco Jack A disposed of 5,000 shares on Aug 23 at a per-share price of $25.07. This resulted in the EVP, COO, Pres, Mem Solutions holding 202,375 shares of SGH after the transaction. In another insider transaction, Pacheco Jack A sold 2,500 shares at $23.57 per share on Aug 21. Company shares held by the EVP, COO, Pres, Mem Solutions now total 202,375.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SGH in the last 3 months, the mean price target is $26.17 with high estimates of $35.00 and low estimates of $22.00. In terms of 52-week highs and lows, SGH has a high of $29.99 and a low of $12.66.

As of this writing, SGH has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.15. The company reported an EPS of $0.66 in the last quarter, which was 65.00% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SGH’s latest balance sheet shows that the firm has $222.99M in Cash & Short Term Investments as of fiscal 2021. There were $398.26M in debt and $583.80M in liabilities at the time. Its Book Value Per Share was $4.29, while its Total Shareholder’s Equity was $318.92M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 SGH is Buy with a score of 4.83.

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