A History of Outperforming Analyst Forecasts and Beating the Odds: SMART Global Holdings Inc (SGH)

With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.79 shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $22.91 whereas the lowest price it dropped to was $22.09. The 52-week range on SGH shows that it touched its highest point at $29.99 and its lowest point at $12.66 during that stretch. It currently has a 1-year price target of $26.80. Beta for the stock currently stands at 1.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SGH was up-trending over the past week, with a rise of 13.40%, but this was up by 12.12% over a month. Three-month performance surged to 47.51% while six-month performance fell -8.42%. The stock gained 27.02% in the past year, while it has gained 20.71% so far this year. A look at the trailing 12-month EPS for SGH yields -0.00 with Next year EPS estimates of 2.10. For the next quarter, that number is 0.25. This implies an EPS growth rate of -54.52% for this year and 83.25% for next year.

Float and Shares Shorts:

At present, 51.90 million SGH shares are outstanding with a float of 50.06 million shares on hand for trading. On Jan 31, 2024, short shares totaled 2.51 million, which was 4.83% higher than short shares on Dec 29, 2023. In addition to SMH as the firm’s VanEck Semiconductor ETF, GH serves as its Guardant Health, Inc..


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SGH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SGH analysts setting a high price target of $35.00 and a low target of $24.00, the average target price over the next 12 months is $26.80. Based on these targets, SGH could surge 53.17% to reach the target high and rise by 5.03% to reach the target low. Reaching the average price target will result in a growth of 17.29% from current levels.

Summary of Insider Activity:

Insiders traded SGH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 576,330 while 479,169 shares were sold.