Smart Global Holdings Stock Analysis

SGH Stock  USD 29.35  0.45  1.56%   
Smart Global Holdings is overvalued with Real Value of 24.48 and Target Price of 26.17. The main objective of Smart Global stock analysis is to determine its intrinsic value, which is an estimate of what Smart Global Holdings is worth, separate from its market price. There are two main types of Smart Global's stock analysis: fundamental analysis and technical analysis.
The Smart Global stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Smart Global's ongoing operational relationships across important fundamental and technical indicators.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smart Global Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Smart Stock Analysis Notes

About 98.0% of the company shares are owned by institutional investors. The book value of Smart Global was at this time reported as 8.01. The company has Price/Earnings To Growth (PEG) ratio of 0.09. Smart Global Holdings had not issued any dividends in recent years. The entity had 2:1 split on the 2nd of February 2022. SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California. Smart Global operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 3600 people. To find out more about Smart Global Holdings contact Mark Adams at 510 623 1231 or learn more at https://www.sghcorp.com.

Smart Global Quarterly Total Revenue

300.58 Million

Smart Global Holdings Investment Alerts

Smart Global appears to be risky and price may revert if volatility continues
Smart Global has a poor financial position based on the latest SEC disclosures
Over 98.0% of the company shares are owned by institutional investors
Latest headline from gurufocus.com: Insider Sale at SMART Global Holdings Inc by President of LED Solutions

Smart Global Holdings Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Smart Global previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
2nd of April 2024
Upcoming Quarterly Report
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4th of July 2024
Next Financial Report
View
29th of February 2024
Next Fiscal Quarter End
View
10th of October 2024
Next Fiscal Year End
View
30th of November 2023
Last Quarter Report
View
31st of August 2023
Last Financial Announcement
View

Smart Largest EPS Surprises

Earnings surprises can significantly impact Smart Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2021-04-06
2021-02-280.40.440.0410 
2021-01-05
2020-11-300.350.390.0411 
2024-07-09
2024-05-310.30.370.0723 
View All Earnings Estimates

Smart Global Environmental, Social, and Governance (ESG) Scores

Smart Global's ESG score is a quantitative measure that evaluates Smart Global's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Smart Global's operations that may have significant financial implications and affect Smart Global's stock price as well as guide investors towards more socially responsible investments.

Smart Stock Institutional Investors

Shares
Deutsche Bank Ag
896 K
Lsv Asset Management2024-03-31
874.3 K
Charles Schwab Investment Management Inc2024-03-31
721.3 K
Ubs Group Ag2024-03-31
713.1 K
Clearbridge Advisors, Llc2024-03-31
707.7 K
Marshall Wace Asset Management Ltd2024-03-31
697.4 K
Portolan Capital Management, Llc2024-03-31
693.1 K
Arrowmark Colorado Holdings, Llc (arrowmark Partners)2024-03-31
690 K
Ophir Asset Management Pty Ltd2024-03-31
689.6 K
Blackrock Inc2024-03-31
8.4 M
Vanguard Group Inc2024-03-31
M
Note, although Smart Global's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Smart Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 1.56 B.

Smart Profitablity

The company has Net Profit Margin of (0.14) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 0.04 %, which entails that for every 100 dollars of revenue, it generated $0.04 of operating income.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.20  0.21 
Return On Capital Employed 0.45  0.47 
Return On Assets 0.18  0.19 
Return On Equity 0.64  0.61 

Management Efficiency

Smart Global Holdings has Return on Asset of 0.0144 % which means that on every $100 spent on assets, it made $0.0144 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.126 %, implying that it generated $0.126 on every 100 dollars invested. Smart Global's management efficiency ratios could be used to measure how well Smart Global manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Smart Global's Return On Tangible Assets are increasing as compared to previous years. The Smart Global's current Return On Capital Employed is estimated to increase to 0.47, while Return On Equity is projected to decrease to 0.61. As of now, Smart Global's Non Current Assets Total are increasing as compared to previous years. The Smart Global's current Non Currrent Assets Other is estimated to increase to about 21.2 M, while Total Assets are projected to decrease to under 968.4 M.
Last ReportedProjected for Next Year
Book Value Per Share 4.24  3.31 
Tangible Book Value Per Share 2.62  2.75 
Enterprise Value Over EBITDA 5.04  7.06 
Price Book Value Ratio 3.89  4.08 
Enterprise Value Multiple 5.04  7.06 
Price Fair Value 3.89  4.08 
Enterprise Value416.5 M368.2 M
The analysis of Smart Global's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Smart Global's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Smart Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Operating Margin
0.0411
Profit Margin
(0.14)
Beta
1.685
Return On Assets
0.0144
Return On Equity
0.126

Technical Drivers

As of the 16th of July 2024, Smart Global has the Semi Deviation of 4.91, risk adjusted performance of 0.0438, and Coefficient Of Variation of 1726.25. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Smart Global Holdings, as well as the relationship between them.

Smart Global Holdings Price Movement Analysis

Execute Study
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Smart Global middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Smart Global Holdings. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Smart Global Holdings Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Smart Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on Smart Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Smart Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Smart Global Outstanding Bonds

Smart Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Smart Global Holdings uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Smart bonds can be classified according to their maturity, which is the date when Smart Global Holdings has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Smart Global Predictive Daily Indicators

Smart Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Smart Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Smart Global Corporate Filings

F4
12th of July 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
9th of July 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F3
27th of June 2024
The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock
ViewVerify
8K
26th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
28th of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
14th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
25th of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
23rd of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Smart Global Forecast Models

Smart Global's time-series forecasting models are one of many Smart Global's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Smart Global's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Smart Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Smart Global prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Smart shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Smart Global. By using and applying Smart Stock analysis, traders can create a robust methodology for identifying Smart entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.11  0.11 
Operating Profit Margin 0.13  0.14 
Net Profit Margin 0.09  0.10 
Gross Profit Margin 0.23  0.18 

Current Smart Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Smart analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Smart analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
26.17Strong Buy4Odds
Smart Global Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Smart analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Smart stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Smart Global Holdings, talking to its executives and customers, or listening to Smart conference calls.
Smart Analyst Advice Details

Smart Stock Analysis Indicators

Smart Global Holdings stock analysis indicators help investors evaluate how Smart Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Smart Global shares will generate the highest return on investment. By understating and applying Smart Global stock analysis, traders can identify Smart Global position entry and exit signals to maximize returns.
Begin Period Cash Flow363.1 M
Long Term Debt754.8 M
Common Stock Shares Outstanding49.6 M
Total Stockholder Equity222.5 M
Total Cashflows From Investing Activities-298.6 M
Tax Provision-49.2 M
Quarterly Earnings Growth Y O Y-0.73
Property Plant And Equipment Net187.2 M
Cash And Short Term Investments390.8 M
Cash365.6 M
Accounts Payable135 M
Net Debt491.3 M
50 Day M A21.583
Total Current Liabilities426.2 M
Other Operating Expenses1.4 B
Non Current Assets Total598.6 M
Forward Price Earnings18.7617
Non Currrent Assets Other15.2 M
Stock Based Compensation39.2 M

Complementary Tools for Smart Stock analysis

When running Smart Global's price analysis, check to measure Smart Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smart Global is operating at the current time. Most of Smart Global's value examination focuses on studying past and present price action to predict the probability of Smart Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smart Global's price. Additionally, you may evaluate how the addition of Smart Global to your portfolios can decrease your overall portfolio volatility.
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