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Super Micro Computer (NASDAQ:SMCI) Faces Nasdaq Non-Compliance Notice
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Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.
Super Micro Computer trades on the NASDAQ stock market under the symbol SMCI.
As of November 21, 2024, SMCI stock price climbed to $29.66 with 79,743,480 million shares trading.
SMCI has a beta of 4.96, meaning it tends to be more sensitive to market movements. SMCI has a correlation of 0.30 to the broad based SPY ETF.
SMCI has a market cap of $17.37 billion. This is considered a Large Cap stock.
Last quarter Super Micro Computer reported $5 billion in Revenue and $.63 earnings per share. This beat revenue expectation by $18 million and missed earnings estimates by -$.19.
In the last 3 years, SMCI traded as high as $122.90 and as low as $3.41.
The top ETF exchange traded funds that SMCI belongs to (by Net Assets): VTI, VOO, VO, VUG, SPY.
SMCI has underperformed the market in the last year with a return of -2.6%, while the SPY ETF gained +32.3%. In the last 3 month period, SMCI fell short of the market, returning -51.4%, while SPY returned +6.6%. However, in the most recent 2 weeks SMCI has outperformed the stock market by returning +30.7%, while SPY returned +0.5%.
SMCI support price is $23.62 and resistance is $27.98 (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 SMCI shares will trade within this expected range on the day.