$SUPER MICRO COMPUTER INC(SMCI)$
๐๐๐ก๐ ๐ฏ SMCI: Surfing the AI Wave or Wiping Out? ๐ฏ๐๐๐ก๐
Kia ora Tiger traders! ๐
Super Micro Computer Inc. ($SMCI) is hanging ten on the AI wave, but the recent market swells have been gnarly. Letโs dissect whatโs going on under the hood and whether SMCI will catch that epic wave or faceplant into the surf.
๐ Current Market Overview
โข Post-Market Price: $445.80 (+1.85%) ๐
โข Market Cap: $25.97B ๐ฐ
โข P/E Ratio: 22.28 โ๏ธ
๐ Chart Analysis: Navigating the Swells
Looking at my chart, SMCI has been testing critical support levels. The stock recently hit a key support level around $445, as shown in the chart, but it needs to stay above this yellow trendline to avoid a deep dive towards $250. The resistance on the horizon is $500~if SMCI can breach this, it might catch a fresh wave of momentum.
๐ Technical Analysis: Riding the Edge
SMCI is at a critical juncture, currently testing its 100-week moving average, which aligns with the support levels identified in the chart. This line in the sand is more crucial than the best surf spots in New Zealand! After a harsh wipeout below its 50-week MA, the stock is holding on for dear life. If SMCI manages to stay afloat above the 100-week MA, we could be looking at a rally towards $500 or even an epic 400% run to $2,000! However, if it loses grip, the next stop could be the 200-week MA at around $250~a wipeout no trader wants to see. ๐
๐ก Fundamental Insight: The R&D Gap
When comparing Super Microโs R&D spend (a mere 2% of revenue) to Nvidiaโs 10%, itโs clear these two arenโt playing in the same league when it comes to the AI arms race. Mehdi Hosseini from Susquehanna Financial Group, whoโs been following SMCI since 2013, put it bluntly: โThis is a meme stock.โ But donโt grab your popcorn just yetโBarclays and J.P. Morgan are still bullish, with targets of $693 and beyond. Is this a meme with staying power? ๐ฟ
๐ฅ Actionable Insights: Seize the Moment!
โข Call to Action: Donโt just watch the wavesโride them! Whatโs your move with SMCI? ๐ค
โข Bullish Scenario: If SMCI holds above the 100-week MA and resolves its accounting issues, a rally to $2,000 could be in the cards. Talk about catching the perfect wave! ๐โโ๏ธ
โข Bearish Scenario: Fail to hold that line, and weโre looking at a deep dive to $250. Buckle up! ๐ค
๐ฌ What the Pros Are Saying
โข George Wang, Barclays: Maintains Buy rating with a price target of $693.
โข TradingShot, TradingView: Warns of a critical technical setupโhold the line or face a potential slide.
๐ Final Thoughts
SMCI is like a surfer caught between a killer wave and a rock~will it catch the wave of AI or wipe out in the undertow? Either way, this stock is setting up for some serious action. Donโt be a spectator~be a player!
๐ญ Interactive Fun: Whatโs Your Take?
Hey Tiger Traders, do you think SMCI will make a comeback, or is it time to bail? Cast your vote and share your strategy below! ๐ณ๏ธ
@TigerGPT is SMCI a classic case of a meme stock gone wrong, or is there a deeper strategy at play here?
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @TigerStars @TigerPicks @TigerWire @Daily_Discussion @TigerOptions @Tiger_Champs @TigerPM
Comments
Super Micro Computer Inc. ($SMCI) Analysis
Stock Quote
Stock Name: SUPER MICRO COMPUTER INC
Stock Code: SMCI
Current Price: $437.70
Yesterday's Closing Price: $448.82
Quote Change: -2.48%
52-Week High: $1,229.00
52-Week Low: $226.59
Market Cap: $25.63 billion
P/E Ratio: 21.789
P/E Ratio LYR: 20.139
P/E Ratio TTM: 21.789
P/E Ratio (Trailing Twelve Months) of the Stock: 21.789
Earnings per Share LYR: $21.73
Earnings per Share TTM: $20.09
Price-to-Sales Ratio TTM: 1.72
Price-to-Book Ratio: 4.69
ROA (Return on Assets): 11.62%
ROE (Return on Equity): 32.47%
Total Market Cap: $25.63 billion
Circulating Market Cap: $19.03 billion
Total Share Capital: 58.56 million
Float Share Capital: 43.47 million
Volume Ratio: 0.72
Trading Volume: 10.93 million
Analyst Recommendation: 2 recommend, 6 buy, 8 hold, 1 underperform
Analyst Target Price: Mean target estimate: $871.67, Low target estimate: $325.00, High target estimate: $1,500.00
Chart Analysis
SMCI recently hit a key support level around $445 and needs to stay above this level to avoid a potential drop towards $250.
The resistance on the horizon is at $500. If SMCI can breach this level, it might gain momentum.
Technical Analysis
SMCI is currently testing its 100-week moving average, which aligns with the support levels identified in the chart analysis.
The stock needs to hold above the 100-week MA to maintain a positive outlook.
Capital Flow Data
Capital Flow Data (5 Day):
08-23: Inflow of 86.24 million USD
08-26: Outflow of 55.18 million USD
08-27: Inflow of 57.49 million USD
08-28: Inflow of 77.53 million USD
08-29: Outflow of 60.61 million USD
Trading Status
Short Selling Availability: Available
Trading Status: Normal trading
Relevant Articles
Super Micro Computer, Inc. (SMCI): This AI Stock Is Trending Right Now
Super Micro Computer, Inc. (NASDAQ:SMCI): Uncertainty and Concerns Abound
Should You Buy the Dip in Super Micro Computer Stock?
SMCI Riding On The AI Demand And Data Center Growth
SMCI May Fall Another 24% from Its Current Price of $443.49
๐What the Tigers Say | SMCI Shorted: Will It Drop Below 500?
Final Thoughts
SMCI is currently at a critical juncture and needs to hold above its support levels and the 100-week moving average.
Uncertainty and concerns surround the stock, but it is still up 56% in 2024.
Analysts have mixed recommendations and target prices for SMCI.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Please do your own research and consider your risk tolerance before making any investment decisions.Based on the analysis of Super Micro Computer Inc. (SMCI), here are the key points to consider:
SMCI is currently testing critical support levels and needs to stay above $445 to avoid a potential drop towards $250.
The resistance level is at $500, and if SMCI breaks above it, it could gain momentum.
SMCI is at a critical juncture, testing its 100-week moving average, and needs to hold above it for a positive outlook.
The stock has a P/E ratio of 21.789 and a P/E ratio TTM of 21.789. Its market cap is $25.63 billion.
Analysts have mixed recommendations for SMCI, with 2 recommend, 6 buy, 8 hold, and 1 underperform. The mean target estimate is $871.67, with a low estimate of $325.00 and a high estimate of $1,500.00.
The capital flow data shows a mix of inflows and outflows over a 5-day period.
Short selling is available for SMCI, and its trading status is normal.
There are relevant articles discussing the current trend and uncertainty surrounding SMCI.
It's important to note that investing in stocks involves risks, and you should do your own research and consider your risk tolerance before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Please do your own research and consider your risk tolerance before making any investment decisions.
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Great article, would you like to share it?