2024-04-23 09:05:11 ET
Summary
- Super Micro Computer experienced an extreme increase in stock price, going from $300 to over $1,200 in two months.
- Despite almost a 50% pullback, Super Micro Computer is still a good investment opportunity, with technical indicators showing oversold conditions.
- The company's fundamentals remain strong, with a low forward P/E ratio of about 20 and the potential for long-term sales and profitability growth.
- While near-term volatility may persist, SMCI stock has a high probability of moving much higher in future years.
Super Micro Computer Stock Price
The last time I wrote about Super Micro Computer, Inc. ( SMCI ) was during its pre-announcement the previous quarter, right after I bought a significant batch of shares for around $310. However, I began harvesting SMCI shares in August 2023, around the $240-250 range . I'm glad I was patient because SMCI skyrocketed from around $300 to over $1,200 in about two months. ...
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For further details see:
Super Micro Computer Stock Plunges - What To Expect From Its Q3 Earnings?