Super Micro Computer Inc (SMCI): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Supermicro Announces Pricing of Public Offering of Common Stock.

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Super Micro Computer Inc is $59.14B. A total of 3.45 million shares were traded on the day, compared to an average of 10.77M shares.

In the most recent transaction, FAIRFAX DANIEL W sold 300 shares of SMCI for 881.88 per share on Mar 01 ’24. After the transaction, the Director now owns 19,787 company shares. In a previous transaction on Feb 29 ’24, TUAN SHERMAN sold 5,000 shares at 873.98 per share. SMCI shares that Director owns now total 22,113.

Among the insiders who sold shares, KAO GEORGE disposed of 1,884 shares on Feb 15 ’24 at a per-share price of $993.00. This resulted in the SVP, OPERATIONS holding 8,496 shares of SMCI after the transaction. In another insider transaction, CLEGG DON W sold 28,727 shares at $874.57 per share on Feb 14 ’24. Company shares held by the SVP, Worldwide Sales now total 2,110.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SMCI has a high of $1229.00 and a low of $93.19.

As of this writing, SMCI has an earnings estimate of $5.74 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $6.12 per share and a lower estimate of $5.2. The company reported an EPS of $3.43 in the last quarter, which was 12.10% higher than expectations of $3.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $55.03, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.17.

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