SMART Global Holdings, Inc. posted quarterly adjusted earnings of $0.87 per share, surpassing the Zacks Consensus Estimate of $0.75 per share. Earnings were higher than $0.70 per share a year ago.
The electronics company’s revenue in the quarter ended May 2022 rose to $462.54 million (from the year-ago quarter’s $437.73 million), and also topped the Zacks Consensus Estimate by 1.65%.
The current consensus expectation for SMART EPS is $0.84 on $479.58 million in revenues for the coming quarter. For the full fiscal year, the consensus outlook is $3.53 earnings per share on $1.85 billion in revenues.
SGH broke above its upper Bollinger Band on September 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 45 similar instances where the stock broke above the upper band. In of the 45 cases the stock fell afterwards. This puts the odds of success at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where SGH's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SGH as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SGH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SGH moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SGH crossed bullishly above the 50-day moving average on October 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 274 cases where SGH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
a manufacturer of memory chips
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