On 8/7/24, Super Micro Computer Inc (NASDAQ: SMCI) stock suffered a major decline of -20.1%, closing at $492.70. Moreover, trading volume in this decline was exceptionally high at 269% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -26.1% during the last week.
Current PriceTarget Research Rating
SMCI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Super Micro Computer has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Super Micro Computer has a slightly positive Appreciation Score of 67 and a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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