Somewhat Favorable News Coverage Somewhat Unlikely to Impact Super Micro Computer (SMCI) Stock Price
Media stories about Super Micro Computer (NASDAQ:SMCI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Super Micro Computer earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.7020504429999 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
SMCI has been the topic of several analyst reports. BidaskClub upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, May 4th. DA Davidson increased their price objective on shares of Super Micro Computer to $24.00 and gave the company a “neutral” rating in a report on Monday, May 7th. Zacks Investment Research raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, May 9th. TheStreet raised shares of Super Micro Computer from a “c+” rating to a “b” rating in a report on Friday, June 1st. Finally, ValuEngine downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Super Micro Computer has an average rating of “Hold” and an average price target of $27.67.
Shares of NASDAQ:SMCI traded down $0.30 during midday trading on Friday, hitting $18.85. The company’s stock had a trading volume of 534,667 shares, compared to its average volume of 432,868. The company has a market cap of $964.12 million, a P/E ratio of 14.07, a P/E/G ratio of 0.74 and a beta of 0.19. Super Micro Computer has a 12-month low of $16.10 and a 12-month high of $27.90.
Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.
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