On Tuesday, SMART Global Holdings Inc (NASDAQ: SGH) opened higher 4.18% from the last session, before settling in for the closing price of $17.21. Price fluctuations for SGH have ranged from $12.66 to $29.99 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted -52.52% at the time writing. 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
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of SMART Global Holdings Inc is 3.46%, while institutional ownership is 104.78%. 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
According to the Wall Street analysts, stocks earnings will be around -52.52% per share during the next fiscal year.
SMART Global Holdings Inc (NASDAQ: SGH) Trading Performance Indicators
Check out the current performance indicators for SMART Global Holdings Inc (SGH). In the past quarter, the stock posted a quick ratio of 2.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.74. Likewise, its price to free cash flow for the trailing twelve months is 14.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit 0.30 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 1.12 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.43%. Additionally, its Average True Range was 1.24.
During the past 100 days, SMART Global Holdings Inc’s (SGH) raw stochastic average was set at 14.61%, which indicates a significant increase from 11.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 116.89% in the past 14 days, which was higher than the 62.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.43, while its 200-day Moving Average is $21.36. Nevertheless, the first resistance level for the watch stands at $18.38 in the near term. At $18.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.37. If the price goes on to break the first support level at $17.39, it is likely to go to the next support level at $16.85. Now, if the price goes above the second support level, the third support stands at $16.40.
SMART Global Holdings Inc (NASDAQ: SGH) Key Stats
There are currently 52,297K shares outstanding in the company with a market cap of 937.74 million. Presently, the company’s annual sales total 1,441 M according to its annual income of -187,530 K. Last quarter, the company’s sales amounted to 284,820 K and its income totaled -13,620 K.
