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:
- Week in Review: Smart Buys, Quick Sales and London’s Struggles (mansionglobal.com)
- Smart Airports Market to Witness Growth At 10.7% CAGR on Account Of Enhanced R&D Activities Till 2025 | Million … (prnewswire.com)
- Smart Global Holdings Inc (SGH) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Zacks: Analysts Anticipate Smart Global Holdings Inc (SGH) Will Announce Quarterly Sales of $331.83 Million (americanbankingnews.com)
- $1.77 Earnings Per Share Expected for Smart Global Holdings Inc (SGH) This Quarter (americanbankingnews.com)
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.
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.
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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.
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