On 10/30/24, Super Micro Computer Inc (NASDAQ: SMCI) stock suffered a major decline of -32.7%, closing at $33.07. Moreover, this decline was accompanied by exceptionally high trading volume at 323% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -28.1% 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 C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Super Micro Computer has a slightly positive Appreciation Score of 67 but a poor Power Rating of 21, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment