SMART Global Holdings Inc (NASDAQ: SGH) on Monday, plunged -3.43% from the previous trading day, before settling in for the closing price of $19.54. Within the past 52 weeks, SGH’s price has moved between $12.66 and $29.99.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 3.33%. The company achieved an average annual earnings per share of -51.98%. With a float of $50.49 million, this company’s outstanding shares have now reached $51.90 million.
Considering the fact that the conglomerate employs 3000 people, you should pay attention to its efficiency factor.
SMART Global Holdings Inc (SGH) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of SMART Global Holdings Inc is 3.46%, while institutional ownership is 104.73%. The most recent insider transaction that took place on Apr 11 ’24, was worth 187,896. In this transaction President and CEO of this company bought 10,000 shares at a rate of $18.79, taking the stock ownership to the 29,640 shares. Before that another transaction happened on Feb 20 ’24, when Company’s EVP, COO, Pres, Mem Solutions sold 2,500 for $20.02, making the entire transaction worth $50,061. This insider now owns 220,007 shares in total.
SMART Global Holdings Inc (SGH) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 17.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -51.98% per share during the next fiscal year.
SMART Global Holdings Inc (NASDAQ: SGH) Trading Performance Indicators
SMART Global Holdings Inc (SGH) is currently performing well based on its current performance indicators. A quick ratio of 2.66 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78. Likewise, its price to free cash flow for the trailing twelve months is 15.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 2.03 in one year’s time.
Technical Analysis of SMART Global Holdings Inc (SGH)
Compared to the last year’s volume of 1.12 million, its volume of 2.77 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.79%. Additionally, its Average True Range was 1.32.
During the past 100 days, SMART Global Holdings Inc’s (SGH) raw stochastic average was set at 24.37%, which indicates a significant increase from 3.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 112.09% in the past 14 days, which was higher than the 60.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.82, while its 200-day Moving Average is $21.65. Nevertheless, the first resistance level for the watch stands at $19.58 in the near term. At $20.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.68. If the price goes on to break the first support level at $18.48, it is likely to go to the next support level at $18.10. Now, if the price goes above the second support level, the third support stands at $17.38.
SMART Global Holdings Inc (NASDAQ: SGH) Key Stats
Market capitalization of the company is 986.90 million based on 52,297K outstanding shares. Right now, sales total 1,441 M and income totals -187,530 K. The company made 274,250 K in profit during its latest quarter, and -19,920 K in sales during its previous quarter.
