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Wednesday, January 19, 2022

Super Micro Computer Inc. (NASDAQ:SMCI) is Gaining Momentum on Earnings Catalyst

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The Super Micro Computer Inc. (SMCI) shares are trading at higher $31.29 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $39.00.

To add more color to this target, the company’s high over the last year is $30.26 and the low is $15.76. Over the last 52 weeks, SMCI is up 3.40% while the S&P 500 is up 0.93%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SMCI reported a profit of $133.36 million. Super Micro Computer Inc. also saw revenues increase to $772.41 million. In addition, SMCI has free cash flow of $30.83 million as of 03-2020 The company’s EBITDA came in at $22.63 million which compares well with its peers.

SMCI booked profit margins of 2.70%, its Return on Equity (ROE) is 9.10%, and its Return on Assets is 5.00%. All told, it is clear that, SMCI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SMCI has a short ratio of 1.36 and outstanding shares of 51.53M.

Company Outlook

SMCI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.71. Super Micro Computer Inc. SMCI also noted assets of $1.96 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SMCI has historically followed its peers on positive news.

All told, Super Micro Computer Inc. SMCI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SMCI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Super Micro Computer Inc. SMCI is now commanding a market cap of 1.56B and a float of 43.88M. SMCI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SMCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SMCI, either long or short, and we have not been compensated for this article.

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