Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Super Micro Computer Inc (NASDAQ: SMCI) weakened of late. SMCI’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Super Micro Computer Inc (NASDAQ: SMCI) stock closed at $47.80 on 10/11/24 after a large increase of 2.9%. However, unusually low trading volume at 50% of normal accompanied the advance. The stock has risen 15.0% during the last week but has been extremely weak relative to the market over the last nine months.
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 C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Super Micro Computer has a slightly positive Appreciation Score of 67 but a poor Power Rating of 26, resulting in the Low Neutral Value Trend Rating.
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