Super Micro Computer, Inc. (NASDAQ:SMCI) Looks Just Right With A 28% Price Jump
Super Micro Computer, Inc. (NASDAQ:SMCI) shares have continued their recent momentum with a 28% gain in the last month alone. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 39% in the last twelve months.
Following the firm bounce in price, Super Micro Computer may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 27.6x, since almost half of all companies in the United States have P/E ratios under 18x and even P/E’s lower than 11x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
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