Smart Global (SGH) Given News Impact Rating of 0.15

News coverage about Smart Global (NASDAQ:SGH) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Smart Global earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.1625399590252 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

How to Become a New Pot Stock Millionaire

Several brokerages have issued reports on SGH. Roth Capital raised their price objective on shares of Smart Global to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Needham & Company LLC lifted their price target on shares of Smart Global from $43.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. Deutsche Bank lifted their price target on shares of Smart Global to $45.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus lifted their price target on shares of Smart Global from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Saturday, December 30th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.19.

Shares of NASDAQ:SGH opened at $43.58 on Friday. The company has a market capitalization of $1,009.37 and a P/E ratio of 21.36. Smart Global has a 52 week low of $11.50 and a 52 week high of $56.69. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.97.

Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, March 22nd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.40. The company had revenue of $314.00 million during the quarter, compared to the consensus estimate of $290.06 million. Smart Global had a net margin of 5.50% and a return on equity of 100.66%. The business’s revenue for the quarter was up 82.6% compared to the same quarter last year. sell-side analysts predict that Smart Global will post 5.94 EPS for the current fiscal year.

In other Smart Global news, SVP Kiwan Kim sold 46,738 shares of Smart Global stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $49.31, for a total value of $2,304,650.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of Smart Global stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $45.20, for a total transaction of $90,400,000.00. The disclosure for this sale can be found here. Insiders sold 2,114,236 shares of company stock valued at $95,273,590 in the last three months. 6.90% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Smart Global (SGH) Given News Impact Rating of 0.15” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3337276/smart-global-sgh-given-news-impact-rating-of-0-15.html.

Smart Global Company Profile

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

Insider Buying and Selling by Quarter for Smart Global (NASDAQ:SGH)

Receive News & Ratings for Smart Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Meridian Bancorp  Receives Consensus Recommendation of “Buy” from Analysts
Meridian Bancorp Receives Consensus Recommendation of “Buy” from Analysts
Pioneer Energy Services  Stock Price Up 6.7%
Pioneer Energy Services Stock Price Up 6.7%
Baozun  Trading 5.9% Higher
Baozun Trading 5.9% Higher
Nucor  Posts  Earnings Results, Misses Estimates By $0.06 EPS
Nucor Posts Earnings Results, Misses Estimates By $0.06 EPS
Head to Head Survey: Goldcorp  and Its Competitors
Head to Head Survey: Goldcorp and Its Competitors
K2M Group Holdings  Receives Consensus Rating of “Buy” from Brokerages
K2M Group Holdings Receives Consensus Rating of “Buy” from Brokerages


Leave a Reply

© 2006-2018 Ticker Report. Google+.