Super Micro Computer Inc (NASDAQ: SMCI) stock closed at $1074.34 on 3/4/24 after a major increase of 18.6%. Moreover, this advance was accompanied by unusually high trading volume at 183% of normal. The stock has risen 24.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SMCI is expected to continue to be a major Value Builder.
Super Micro Computer has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Super Micro Computer has a slightly negative Appreciation Score of 39 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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