A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Year to date metric has recorded a gain of 30.85%.However, over the last six months, we can see a weaker performance of 6.49%. Over the last 30 days, the price of SGH has fallen by 24.47%. And in the last five days, it has surged by 8.55%.
The market performance of SMART Global Holdings Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $29.99 on 06/30/23, while the lowest value for the same duration was $12.66 on 10/13/23.
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52-week price history of SGH Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. SMART Global Holdings Inc’s current trading price is -17.41% away from its 52-week high, while its distance from the 52-week low is 95.66%. The stock’s price range during this time has been between $12.66 and $29.99. The trading volume for the Technology sector company’s shares reached about 1.52 million for the day, which was higher than the average daily volume of 0.96 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
SMART Global Holdings Inc (SGH) has experienced a quarterly rise of 34.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.28B and boasts a workforce of 3000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.24, with a change in price of +11.50. Similarly, SMART Global Holdings Inc recorded 876,634 in trading volume during the last 100 days, posting a change of +86.66%.
SGH’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SGH stands at 2.05. Similarly, the long-term debt-to-equity ratio is also 1.98.
SGH Stock Stochastic Average
Today’s raw stochastic average for SMART Global Holdings Inc over the last 50 days is 98.12%.This indicates a increase from the raw stochastic average of the past 20 days, which was 97.19%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 76.72% and 66.56%, respectively.
