SGH Stock Summary and Trading Ideas (Smart Glb Hldgs | NASDAQ:SGH)

SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.

Smart Glb Hldgs trades on the NASDAQ stock market under the symbol SGH.

As of April 25, 2024, SGH stock price climbed to $17.80 with 60,607 million shares trading.

SGH has a beta of 2.51, meaning it tends to be more sensitive to market movements. SGH has a correlation of 0.12 to the broad based SPY ETF.

SGH has a market cap of $922.75 million. This is considered a Small Cap stock.

Last quarter Smart Glb Hldgs reported $285 million in Revenue and $.27 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.02.

In the last 3 years, SGH stock traded as high as $37.25 and as low as $12.04.

The top ETF exchange traded funds that SGH belongs to (by Net Assets): IJR, CALF, VTI, XSD, VGT.

SGH has underperformed the market in the last year with a price return of +15.1% while the SPY ETF gained +22.3%. SGH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.8% and -9.6%, respectively, while the SPY returned +2.9% and -3.1%, respectively.

SGH support price is $17.18 and resistance is $18.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SGH stock will trade within this expected range on the day.