SGH stock has undergone multiple analysts rating changes in the recent past. SMART Global stock Target Raised by Needham & Company LLC on 10/13/2021. In a note to investors, the firm issued a new target price of $85.00. The analysts previously had $75.00 target price. Needham & Company LLC’s price target would indicate a potential upside of 94.02% from the stock’s previous close.
Shares of SMART Global traded up $5.44 on Tuesday, reaching $49.25. 701557 shares of the stock traded hands, compared to its average volume of 340591. On Tuesday, Shares of SMART Global closed at $49.25. The firm’s 50 day moving average is $46.58 and its 200 day moving average is $46.27.SMART Global has a 12 month low of $24.37 and a 12 month high of $58.39. While on yearly highs and lows, SMART Global today has traded high as $49.90 and has touched $45.49 on the downward trend.
SMART Global Earnings and What to expect:
SMART Global last released its earnings data on October 12th, 2021. The reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.56. The firm had revenue of $467.71 million for the quarter, compared to analyst estimates of $461 million. Its quarterly revenue was up 57.5% on a year-over-year basis. SMART Global has generated $1.81 earnings per share over the last year ($0.31 diluted earnings per share) and currently has a price-to-earnings ratio of 153.3. Earnings for SMART Global are expected to grow by 28.98% in the coming year, from $3.52 to $4.54 per share. SMART Global has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, January 3rd, 2022 based off prior year’s report dates.
Earnings for SMART Global are expected to grow by 28.98% in the coming year, from $3.52 to $4.54 per share. The P/E ratio of SMART Global is 141.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.79. The P/E ratio of SMART Global is 141.32, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.02. SMART Global has a P/B Ratio of 3.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
SMART Global (NASDAQ:SGH) Moving Average Technical Analysis
5 day Moving Average is $$44.33 And 5 day price change is $2.23 (5.14%) with average volume for 5 day average is 385,018. While technical analysis for average 20 days shows significant difference, 20 day moving average is $46.25 and 20 day price change is -$4.08 (-8.21%) and average 20 day moving volume is 374,454. 50 day moving average is $46.58 and 50 day price change is -$3.06 ( -6.29%) and with average volume for 50 days is : 359,704. 200 day moving average is $46.27 and 200 day price change is $9.25 (25.45%) and with average volume for 200 days is : 391,612.
Other owners latest trading in SGH :
- On 10/12/2021 shares held by Louisiana State Employees Retirement System were 11,100 which equates to market value of $0.49M and appx 0.00% owners of SGH
- On 10/7/2021 shares held by State of Alaska Department of Revenue were 16,813 which equates to market value of $0.75M and appx 0.00% owners of SGH
- On 9/24/2021 shares held by Thrivent Financial for Lutherans were 11,113 which equates to market value of $0.53M and appx 0.00% owners of SGH
- In total Institutional ownership equates to There is no enough data Institutional Ownership Percentage for SGH
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