Somewhat Positive News Coverage Somewhat Unlikely to Affect Smart Global (SGH) Share Price
Media stories about Smart Global (NASDAQ:SGH) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Smart Global earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0134415129919 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Are These Just A Random Activities? SMART Global Holdings, Inc … – Market Movers (financialqz.com)
- Head-To-Head Comparison: Rambus (RMBS) versus Smart Global (SGH) (americanbankingnews.com)
- Reviewing Everspin Tech (MRAM) and Smart Global (SGH) (americanbankingnews.com)
- SMART Global Holdings, Inc. breached its 50 day moving average in a Bearish Manner : SGH-US : December 1, 2017 (finance.yahoo.com)
- BRIEF-Smart Global Holdings Announces Pricing Of Secondary Offering Of Ordinary Shares (reuters.com)
Shares of Smart Global (SGH) traded up $1.13 during trading on Friday, reaching $31.12. The company had a trading volume of 1,818,309 shares, compared to its average volume of 487,659. Smart Global has a fifty-two week low of $11.50 and a fifty-two week high of $43.15. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87.
Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.15. The firm had revenue of $223.00 million during the quarter, compared to the consensus estimate of $210.54 million. The business’s quarterly revenue was up 52.5% on a year-over-year basis. sell-side analysts forecast that Smart Global will post 3.59 EPS for the current year.
SGH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Smart Global from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Thursday, October 5th. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price target (up from $27.00) on shares of Smart Global in a report on Thursday, September 28th. Deutsche Bank reissued a “buy” rating and issued a $28.00 price target (up from $25.00) on shares of Smart Global in a report on Monday, October 2nd. Needham & Company LLC boosted their price target on shares of Smart Global from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 11th. Finally, Roth Capital reissued a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Smart Global in a report on Friday, September 8th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Smart Global presently has an average rating of “Buy” and a consensus price target of $36.06.
In other news, CFO Jack A. Pacheco sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.49, for a total transaction of $266,175.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandeep Nayyar sold 7,148 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $35.20, for a total value of $251,609.60. The disclosure for this sale can be found here.
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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