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NASDAQ:SGH

SMART Global (SGH) Stock Price, News & Analysis

$20.60
+0.60 (+3.00%)
(As of 10/4/2024 ET)

About SMART Global Stock (NASDAQ:SGH)

Key Stats

Today's Range
$20.24
$20.70
50-Day Range
$17.79
$23.40
52-Week Range
$12.66
$29.81
Volume
417,847 shs
Average Volume
1.02 million shs
Market Capitalization
$1.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$32.25
Consensus Rating
Buy

Company Overview

SMART Global Holdings, Inc., a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. It also provides Penguin Computing that focus on technical computing for core and cloud environments through HPC and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications including high-performance products for government, health care, industrial, and telecommunications applications. In addition, the company offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and leading-edge solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, it provides LED-based products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brand. The company sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

SMART Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
63rd Percentile Overall Score

SGH MarketRank™: 

SMART Global scored higher than 63% of companies evaluated by MarketBeat, and ranked 350th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    SMART Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    SMART Global has only been the subject of 3 research reports in the past 90 days.

  • Read more about SMART Global's stock forecast and price target.
  • Earnings Growth

    Earnings for SMART Global are expected to grow by 94.29% in the coming year, from $0.70 to $1.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of SMART Global is -6.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of SMART Global is -6.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    SMART Global has a P/B Ratio of 4.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about SMART Global's valuation and earnings.
  • Percentage of Shares Shorted

    10.58% of the outstanding shares of SMART Global have been sold short.
  • Short Interest Ratio / Days to Cover

    SMART Global has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in SMART Global has recently decreased by 3.45%, indicating that investor sentiment is improving.
  • Dividend Yield

    SMART Global does not currently pay a dividend.

  • Dividend Growth

    SMART Global does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    10.58% of the outstanding shares of SMART Global have been sold short.
  • Short Interest Ratio / Days to Cover

    SMART Global has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in SMART Global has recently decreased by 3.45%, indicating that investor sentiment is improving.
  • News Sentiment

    SMART Global has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for SMART Global this week, compared to 4 articles on an average week.
  • Search Interest

    Only 18 people have searched for SGH on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, SMART Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,062,413.00 in company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of SMART Global is held by insiders.

  • Read more about SMART Global's insider trading history.
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SGH Stock Analysis - Frequently Asked Questions

SMART Global's stock was trading at $18.93 at the start of the year. Since then, SGH stock has increased by 8.8% and is now trading at $20.60.
View the best growth stocks for 2024 here
.

SMART Global Holdings, Inc. (NASDAQ:SGH) released its quarterly earnings results on Tuesday, July, 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. SMART Global's quarterly revenue was down 12.7% compared to the same quarter last year.

SMART Global's stock split on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly created shares were issued to shareholders after the market closes on Wednesday, February 2nd 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

SMART Global (SGH) raised $74 million in an initial public offering on Wednesday, May 24th 2017. The company issued 5,300,000 shares at $13.00-$15.00 per share. Barclays, Deutsche Bank Securities, Jefferies and Stifel served as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

Shares of SGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that SMART Global investors own include Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Verizon Communications (VZ), Applied Materials (AMAT) and Block (SQ).

Company Calendar

Last Earnings
7/09/2024
Today
10/06/2024
Next Earnings (Confirmed)
10/15/2024
Fiscal Year End
8/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:SGH
Previous Symbol
NASDAQ:SGH
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.25
High Stock Price Target
$35.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+56.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-187,530,000.00
Pretax Margin
-3.25%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$3.84 per share
Book Value
$4.58 per share

Miscellaneous

Free Float
51,698,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
1.67
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This page (NASDAQ:SGH) was last updated on 10/6/2024 by MarketBeat.com Staff
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