Smart Global (SGH) Earns Daily News Sentiment Score of 0.16

Press coverage about Smart Global (NASDAQ:SGH) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Smart Global earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.7535050712419 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

How to Become a New Pot Stock Millionaire

NASDAQ:SGH opened at $42.55 on Tuesday. Smart Global has a 52 week low of $11.50 and a 52 week high of $56.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.08 and a current ratio of 1.62. The stock has a market cap of $994.55 and a PE ratio of 20.86.

Smart Global (NASDAQ:SGH) last posted its earnings results on Thursday, March 22nd. The company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.40. Smart Global had a return on equity of 100.66% and a net margin of 5.50%. The firm had revenue of $314.00 million for the quarter, compared to analysts’ expectations of $290.06 million. The firm’s revenue for the quarter was up 82.6% compared to the same quarter last year. analysts expect that Smart Global will post 5.94 EPS for the current fiscal year.

A number of equities analysts have weighed in on SGH shares. Zacks Investment Research upgraded Smart Global from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, March 28th. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price objective on shares of Smart Global in a research note on Thursday, January 18th. Deutsche Bank raised their target price on Smart Global from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, March 19th. Roth Capital raised their target price on Smart Global to $50.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus raised their target price on Smart Global from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Saturday, December 30th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $51.19.

In related news, SVP Kiwan Kim sold 46,738 shares of Smart Global stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $49.31, for a total value of $2,304,650.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of Smart Global stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $45.20, for a total value of $90,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,105,536 shares of company stock worth $94,962,826 over the last 90 days. Insiders own 6.90% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Smart Global (SGH) Earns Daily News Sentiment Score of 0.16” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/04/17/smart-global-sgh-earns-daily-news-sentiment-score-of-0-16.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.

Leave a Reply