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Wednesday, December 6, 2023

Super Micro Computer Inc (NASDAQ: SMCI): Is It A Buying Opportunity Again?

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 Super Micro Computer Inc (SMCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.81, or 0.28%, to $289.40. The Super Micro Computer Inc has recorded 23,419 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Supermicro Announces Participation in Upcoming Investor Events.

Stocks Info

SMCI belongs to the Technology sector of the NASDAQ while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $288.59 and fluctuated between $295.43 as its day high and $284.74 as its day low. The current market capitalization of Super Micro Computer Inc is $15.38B. A total of 2.33 million shares were traded on the day, compared to an average of 3.21M 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, SMCI has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 2,968 and the disposition of 3,968 shares. Over the last 12 months, there were 66 BUYs and 89 SELLs from insiders. Insiders purchased 300,950 shares during that period but sold 242,328.

In the most recent transaction, KAO GEORGE sold 3,747 shares of SMCI for 275.76 per share on Nov 09. After the transaction, the SVP, OPERATIONS now owns 6,815 company shares. In a previous transaction on Nov 06, WEIGAND DAVID E sold 16,072 shares at 249.60 per share. SMCI shares that SVP, Chief Financial Officer owns now total 13,464.

Among the insiders who sold shares, Liang Charles disposed of 961 shares on Oct 27 at a per-share price of $243.62. This resulted in the President and CEO holding 2,497 shares of SMCI after the transaction. In another insider transaction, Liu Liang Chiu-Chu Sara sold 961 shares at $243.62 per share on Oct 27. Company shares held by the Director now total 2,497.

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 SMCI in the last 3 months, the mean price target is $375.20 with high estimates of $500.00 and low estimates of $240.00. In terms of 52-week highs and lows, SMCI has a high of $357.00 and a low of $69.02.

As of this writing, SMCI has an earnings estimate of $4.51 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $4.65 per share and a lower estimate of $4.4. The company reported an EPS of $3.51 in the last quarter, which was 18.60% higher than expectations of $2.96.

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. 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 $40.63, while its Total Shareholder’s Equity was $1.43B.

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 SMCI is Buy with a score of 4.43.

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