On 5/1/24, Super Micro Computer Inc (NASDAQ: SMCI) stock suffered a major decline of -14.0%, closing at $738.30. Moreover, unusually high trading volume at 163% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.1% 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Super Micro Computer has a neutral Appreciation Score of 43 but a very high Power Rating of 100, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative 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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