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:

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.

COPYRIGHT VIOLATION NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/18/smart-global-holdings-sgh-getting-somewhat-positive-news-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for Smart Global Holdings (NYSE:SGH)

Receive News & Stock Ratings for Smart Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global Holdings Inc and related stocks with our FREE daily email newsletter.