SMART Global Holdings Inc. (SGH): closed at $26.28 on Tuesday, June 16


SMART Global Holdings Inc. (NASDAQ:SGH) changes shares on Tuesday trading session, with a change of 3.31% or $0.87 shares. The trading starts at $27.51 and closed at $26.28 throughout the day. The trading session low price was $26.475 and day high was $27.97 on Tuesday, June 16. After the session, the Technology sector daily volume shifted to 0.13 million while its average volume is 250.90K. In other hand, the SGH market cap reached to $653.50M. While, its current target price is $27.15 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -10.13% and up 8.99% for month. Its quarterly performance was 38.87% above, while its half year performance is down -14.94%. SGH yearly performance stood at positive 48.36% and fall -28.44% for year-to-date. Current recommendation for SMART Global Holdings Inc. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SGH EPS (TTM) for 12-month is -0.08. EPS for this year is -57.70%, while for the next year its value is 3.22. Its EPS Q/Q reached -174.30%. It has an EPS of 38.70% up for past five years and for the next five years will be up 5.60%.

Let’s take a look on the analyst recommendations on SGH for the current month and previous month. For the current month, 5 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $26.00-$45.00. Average target price for SGH was reached at $33.50.

Silver Lake Group, LLC, Blackrock Inc. and FMR, LLC are the top three holders in SMART Global Holdings Inc. (SGH) stock. On Mar 30, 2020, Silver Lake Group, LLC has 9.26 million shares which valued 224.94 million. On Mar 30, 2020, Blackrock Inc. owned 2.06 million shares which valued at 50.03 million. On Mar 30, 2020, FMR, LLC has a total of 1.7 million shares which valued at 41.36 million. In the end, FMR, LLC have 7.09% shares outstanding of SMART Global Holdings Inc. (SGH) on Mar 30, 2020. The insider ownership moved to 2.60% and institutional holding shifted to 95.41%.

The company posted an EPS (TTM) of -0.08. According to the most recent quarter report on (May 2020), 6 analysts estimated an average EPS of 0.67, while 0.34 EPS posted a year ago period. Analyst Estimated EPS for SGH published in the report was 0.65-0.68 during the same period. Comparing with last year, the average estimated EPS was 0.34 which is lower than 0.52 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SGH fall -5.82% for period of 200 days. SMA for 50 days was 6.68% which is showing green signal, while SMA-20 was -0.03%. The moving average value for SMART Global Holdings Inc. (SGH) is 28.42 and 26.37 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SGH stock. On Jun 05, Pacheco Jack A, Executive VP, CFO, COO, sold 11,250 trading shares at the cost of $30.00, which valued at 0.34 million. On Jan 21, Coull Thomas, Senior Vice President, sold 432 shares at the cost of $34.29, with total shares of 6,433.