Silicon Motion Technology Corporation (NASDAQ:SIMO) Relative Strength Index (RSI) is 48.23, with weekly volatility at 3.08% and ATR at 2.98. The SIMO stock’s 52-week price range has touched low of $35.13 and a $74.10 high. Intraday shares traded counted 0.34 million, which was 37.85% higher than its 30-day average trading volume of 547.86K. Its shares traded higher over the last trading session, gaining 2.70% on 05/14/21. The shares fell to a low of $63.91 before closing at $65.45. SIMO’s previous close was $63.73 while the outstanding shares total 34.43M. The firm has a beta of 1.13, a 12-month trailing P/E ratio of 25.62, and a growth ratio of 3.66.
Investors have identified the Semiconductors company Silicon Motion Technology Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Silicon Motion Technology Corporation (SIMO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 643.63 million total, with 142.46 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 5.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SIMO sounds very interesting.
Is the stock of SIMO attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 7.40%.
7 out of 12 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Silicon Motion Technology Corporation. 0 analysts has assigned a Sell rating on the SIMO stock. The 12-month mean consensus price target for the company’s shares has been set at $76.90.