Super Micro Computer Inc (NASDAQ: SMCI) stock enjoyed a major increase of 10.6% on 4/16/24. The shares closed at $976.30. However, this advance was accompanied by below average trading volume at 68% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 inconsistent signals. Super Micro Computer has a neutral Appreciation Score of 40 but a very high Power Rating of 100, resulting in 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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