Somewhat Positive Media Coverage Somewhat Unlikely to Impact Smart Global (SGH) Share Price
News stories about Smart Global (NASDAQ:SGH) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Global earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the company an impact score of 42.401148479506 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- SMART High Reliability Solutions to Showcase Secure, Ruggedized Data Storage Solutions at West 2018 (finance.yahoo.com)
- Zacks: Analysts Expect Smart Global Holdings Inc (SGH) Will Announce Quarterly Sales of $290.11 Million (americanbankingnews.com)
- Investors Recap – SMART Global Holdings, Inc. (SGH) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Insider Selling: Smart Global Holdings Inc (SGH) SVP Sells 6,874 Shares of Stock (americanbankingnews.com)
- Insider Selling: Smart Global Holdings Inc (SGH) VP Sells 18,424 Shares of Stock (americanbankingnews.com)
Smart Global (NASDAQ SGH) opened at $31.23 on Tuesday. The company has a market capitalization of $679.28 and a P/E ratio of 56.78. Smart Global has a 12-month low of $11.50 and a 12-month high of $43.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 1.43.
Several equities research analysts recently weighed in on SGH shares. Stifel Nicolaus restated a “buy” rating and set a $47.00 target price (up previously from $40.00) on shares of Smart Global in a research note on Friday, December 22nd. Roth Capital boosted their target price on Smart Global to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Deutsche Bank boosted their target price on Smart Global from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Needham & Company LLC boosted their target price on Smart Global from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 11th. Finally, Citigroup boosted their target price on Smart Global to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.19.
In other Smart Global news, VP Jack A. Pacheco sold 7,500 shares of Smart Global stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $31.06, for a total transaction of $232,950.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kiwan Kim sold 6,874 shares of Smart Global stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $35.86, for a total value of $246,501.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,360,955 shares of company stock worth $108,297,601. 6.90% of the stock is currently owned by corporate insiders.
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About Smart Global
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.
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