Smart Global Holdings (SGH) Getting Somewhat Positive News Coverage, Study Shows
News headlines about Smart Global Holdings (NYSE:SGH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Smart Global Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.8497994106322 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Smart Global Holdings’ (SGH) “Buy” Rating Reaffirmed at Deutsche Bank AG (americanbankingnews.com)
- Market Survey Report Examines the Global Smart Bed Market That Will Grow At A CAGR of 12% by 2022 (medgadget.com)
- Global smart bed market will grow at a CAGR of 12% by 2022 according to new research report (whatech.com)
- Silver Lake Group, L.L.C. Buys SMART Global Holdings Inc, Sells GoDaddy Inc, BlackLine Inc (nasdaq.com)
Shares of Smart Global Holdings (NYSE:SGH) traded up 1.16% during midday trading on Monday, reaching $21.81. The company’s stock had a trading volume of 226,136 shares. The stock has a market capitalization of $472.78 million and a price-to-earnings ratio of 311.57. Smart Global Holdings has a 52 week low of $11.50 and a 52 week high of $24.15. The company has a 50 day moving average of $19.60 and a 200-day moving average of $17.21.
Smart Global Holdings (NYSE:SGH) last posted its earnings results on Thursday, June 22nd. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $206.97 million for the quarter, compared to analysts’ expectations of $202.87 million. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. Equities research analysts predict that Smart Global Holdings will post $1.63 earnings per share for the current year.
A number of equities analysts recently issued reports on SGH shares. Barclays PLC started coverage on Smart Global Holdings in a research note on Monday, June 19th. They issued an “overweight” rating and a $19.00 target price for the company. Deutsche Bank AG started coverage on Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $18.00 target price for the company. Jefferies Group LLC started coverage on Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $21.00 target price for the company. Stifel Nicolaus started coverage on Smart Global Holdings in a research note on Monday, June 19th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Needham & Company LLC started coverage on Smart Global Holdings in a research report on Monday, June 19th. They set a “strong-buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.00.
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About Smart Global Holdings
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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