On 9/26/24, Super Micro Computer Inc (NASDAQ: SMCI) stock suffered a major decline of -12.2%, closing at $402.40. Moreover, trading volume in this decline was exceptionally high at 292% of normal. The stock has performed in line with the market over the last nine months and has declined -7.9% 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 Power Rating of 66 and a very high Appreciation Score of 94, 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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