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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Smart Global Holdings Inc    SGH   KYG8232Y1017

SMART GLOBAL HOLDINGS INC (SGH)
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OFFRE

David Meurisse

Contributor / Partner
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Back on a long term support level

Strategy published on 09/11/2018 | 17:49
long trade
Stop-loss triggered
Entry price : 30.12$ | Target : 35.7$ | Stop-loss : 28.9$ | Potential : 18.53%
The decline over the past weeks has brought the price of Smart Global Holdings Inc shares back to an important technical support level at 29.55 USD. This represents an opportunity to take advantage of these prices levels.
Investors have an opportunity to buy the stock and target the $ 35.7.
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The share is getting closer to its long-term support in weekly data, at USD 29.55, which offers good timing for buyers.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • The prospective high growth for the next fiscal years is among the main assets of the company
  • The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.67 for the 2018 fiscal year.
  • Its low valuation, with P/E ratio at 5.47 and 4.86 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2018 1 284 M
EBIT 2018 188 M
Net income 2018 129 M
Debt 2018 175 M
Yield 2018 -
P/E ratio 2018 5,32
P/E ratio 2019 4,73
EV / Sales 2018 0,65x
EV / Sales 2019 0,44x
Capitalization 663 M
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Chart SMART GLOBAL HOLDINGS INC
Duration : Period : Day
Smart Global Holdings Inc Technical Analysis Chart | MarketScreener
Duration : Period : Week
Smart Global Holdings Inc Technical Analysis Chart | MarketScreener