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. Most recently, Yahoo Finance reported about the stock as it publicized that Supermicro Provides Second Quarter Fiscal 2024 Business Update.
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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 $436.24 and fluctuated between $485.86 as its day high and $410.19 as its day low. The current market capitalization of Super Micro Computer Inc is $24.23B. A total of 18.78 million shares were traded on the day, compared to an average of 3.54M 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 11 BUY and 12 SELL insider trades, representing the acquisition of 22,265 and the disposition of 21,420 shares. Over the last 12 months, there were 65 BUYs and 68 SELLs from insiders. Insiders purchased 129,447 shares during that period but sold 107,630.
In the most recent transaction, FAIRFAX DANIEL W sold 300 shares of SMCI for 280.00 per share on Jan 02. After the transaction, the Director now owns 20,387 company shares. In a previous transaction on Dec 05, Liang Charles sold 50,000 shares at 252.18 per share. SMCI shares that President and CEO owns now total 6,666,417.
Among the insiders who sold shares, Liu Liang Chiu-Chu Sara disposed of 50,000 shares on Dec 05 at a per-share price of $252.18. This resulted in the Director holding 6,666,417 shares of SMCI after the transaction. In another insider transaction, WEIGAND DAVID E sold 20,000 shares at $252.18 per share on Dec 05. Company shares held by the SVP, Chief Financial Officer now total 11,580.
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 $392.15 with high estimates of $550.00 and low estimates of $162.00. In terms of 52-week highs and lows, SMCI has a high of $428.69 and a low of $70.11.
As of this writing, SMCI has an earnings estimate of $4.77 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $5.52 per share and a lower estimate of $4.31. 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 4.14.
