Stock To Watch: Silicon Motion Technology Corporation (NASDAQ:SIMO)


The leading market experts have placed a mean price target of $57.85 on Silicon Motion Technology Corporation (NASDAQ:SIMO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.80 a share for the upcoming quarter and $3.26 for the current fiscal.

Technical View

The technical analysis of Silicon Motion Technology Corpo plainly substantiates that the 50-day moving average of Silicon Motion Technology Corpo is $51.50, and stock is trading $2.94 points away or +5.72% from its 50-day moving average of $51.50. Further it is trading $13.01 or +31.41% away its 200-day moving average of $41.43. Silicon Motion Technology Corporation (NASDAQ:SIMO) 52-week high is $56.21 and the 52-week low is $20.01.

This explains if the stock moves $-1.77, it will post a 52-week high. In event of +172.06% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Silicon Motion Technology Corpo, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Silicon Motion Technology Corporation (NASDAQ:SIMO) ratio came in at 24.25.

The stock last ended the trading session at $54.44 and registered a market cap of $1.92B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Silicon Motion Technology Corporation (NASDAQ:SIMO) PEG ratio is at -3.74.

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