SMART Global - SGH Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGH shares.
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5 brokers have issued twelve-month target prices for SMART Global's stock. Their SGH share price forecasts range from $20.00 to $38.00. On average, they predict the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 57.3% from the stock's current price.
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SMART Global's stock was trading at $14.88 at the start of the year. Since then, SGH shares have increased by 15.4% and is now trading at $17.17.
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SMART Global saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,670,000 shares, an increase of 20.3% from the December 31st total of 3,050,000 shares. Based on an average daily volume of 619,300 shares, the days-to-cover ratio is presently 5.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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SMART Global Holdings, Inc. (NASDAQ:SGH) issued its quarterly earnings results on Tuesday, January, 3rd. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.17. The business had revenue of $465.48 million for the quarter, compared to analysts' expectations of $445.86 million. SMART Global had a net margin of 2.84% and a trailing twelve-month return on equity of 36.71%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.16 earnings per share.

Shares of SMART Global split on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly issued shares were distributed to shareholders after the closing bell on Wednesday, February 2nd 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

SMART Global issued an update on its second quarter earnings guidance on Tuesday, January, 3rd. The company provided earnings per share (EPS) guidance of $0.45-0.75 for the period, compared to the consensus EPS estimate of $0.49. The company issued revenue guidance of $410-460 million, compared to the consensus revenue estimate of $429.44 million.

11 employees have rated SMART Global Chief Executive Officer Iain MacKenzie on Glassdoor.com. Iain MacKenzie has an approval rating of 93% among the company's employees. This puts Iain MacKenzie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SMART Global investors own include Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Verizon Communications (VZ), Applied Materials (AMAT), Block (SQ), Lam Research (LRCX), Advanced Micro Devices (AMD) and AbbVie (ABBV).

(SGH) raised $74 million in an initial public offering (IPO) on Wednesday, May 24th 2017. The company issued 5,300,000 shares at $13.00-$15.00 per share. Barclays, Deutsche Bank Securities, Jefferies and Stifel acted as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

SMART Global trades on the NASDAQ under the ticker symbol "SGH."

SMART Global's stock is owned by many different retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (1.24%), Paradiem LLC (0.40%), Pinnacle Associates Ltd. (0.13%), SummerHaven Investment Management LLC (0.09%), State of Alaska Department of Revenue (0.07%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include Ajay Shah, Alan Marten, Claude Demby, Jack A Pacheco, Jack A Pacheco, Ken Rizvi, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Mukesh Patel, Penny Herscher, Stephen C Dow and Thierry Pellegrino.
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Shares of SGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SGH stock can currently be purchased for approximately $17.17.

SMART Global (NASDAQ:SGH) has a market capitalization of $844.76 million and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or $0.98 on an earnings per share basis.

The company employs 3,600 workers across the globe.

SMART Global's mailing address is 39870 EUREKA DRIVE, NEWARK CA, 94560. The official website for the company is www.smartm.com. The company can be reached via phone at (866) 977-4446, via email at ir@smartm.com, or via fax at 510-623-1434.