SMART Global Holdings, Inc. posted adjusted earnings of $0.80 per share for the quarter ended August, well above the Zacks Consensus Estimate of $0.65 per share. The figure, however, is lower than the year-ago quarter’s $1.08 per share.
The company’s revenues came in at $437.7 million, falling short of the Zacks Consensus Estimate by 0.53%. Revenues were $467.71 million a year ago.
Non-GAAP gross margins were 24.6% for the quarter.
Looking ahead, SMART expects net sales for the first quarter of fiscal 2023 in the range of approximately $425 million to $475 million, or approximately $450 million at the midpoint. It is projecting GAAP gross margin to be approximately 24.5% to 26.5%, and non-GAAP gross margin of 25.5% to 27.5%. GAAP diluted earnings per share for the first quarter is expected to be around $0.14 (plus or minus $0.15), while non-GAAP diluted earnings per share are predicted to be approximately $0.60 (plus or minus $0.15), according to the company’s guidance.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SGH declined for three days, in of 305 cases, the price declined further within the following month. The odds of a continued downward trend are .
SGH moved below its 50-day moving average on April 10, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SGH crossed bearishly below the 50-day moving average on April 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for SGH entered a downward trend on April 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SGH's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where SGH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on SGH as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SGH just turned positive on May 02, 2024. Looking at past instances where SGH's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SGH advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
SGH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SGH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.406) is normal, around the industry mean (6.733). P/E Ratio (164.704) is within average values for comparable stocks, (61.353). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.232). SGH has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (0.890) is also within normal values, averaging (31.680).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of memory chips
Industry Semiconductors