Super Micro Computer Inc (NASDAQ: SMCI) stock suffered a major decline of -19.0% on 8/28/24. The shares closed at $443.49. Moreover, exceptionally high trading volume at 469% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -27.4% 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 highly consistent signals. Super Micro Computer has a very high Appreciation Score of 91 and a very high Power Rating of 100, resulting in the Highest Value Trend Rating.
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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