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


The leading market experts have placed a mean price target of $44.27 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 $0.75 a share for the upcoming quarter and $2.74 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 $44.27, and stock is hovering 3.54 or +7.99% distant from $44.27. It is noted that the 200-day MA is $36.88, and Silicon Motion Technology Corpo stock is $10.93 or +29.64% off from this point. Silicon Motion Technology Corporation (NASDAQ:SIMO) 52-week high is $48.55 and the 52-week low is $20.01. This explains if the stock moves $-0.74, it will post a 52-week high. In event of $+138.93% points 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 24.88. The stock last ended the trading session at $47.81 and registered a market cap of $1.67B. 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 -3.97.

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