Delving into NASDAQ:SMCI's Growth Prospects.

In this article we will dive into SUPER MICRO COMPUTER INC (NASDAQ:SMCI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed SUPER MICRO COMPUTER INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:SMCI highlighted

• SUPER MICRO COMPUTER INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 71.47% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 103.0%, SUPER MICRO COMPUTER INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• SUPER MICRO COMPUTER INC has achieved 63.99% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• SUPER MICRO COMPUTER INC has a healthy Return on Equity(ROE) of 23.8%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• SUPER MICRO COMPUTER INC has achieved an impressive Relative Strength (RS) rating of 99.56, showcasing its ability to outperform the broader market. This strong performance positions SUPER MICRO COMPUTER INC as an attractive stock for potential price appreciation.
• With a current Debt-to-Equity ratio at 0.03, SUPER MICRO COMPUTER INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of SUPER MICRO COMPUTER INC reflects a balanced investor ecosystem, with institutional shareholders owning 61.53%. This indicates a broader market participation and potential for increased trading liquidity.

Technical analysis of NASDAQ:SMCI

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 6 out of 10 to SMCI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• Looking at the yearly performance, SMCI did better than 99% of all other stocks. We also observe that the gains produced by SMCI over the past year are nicely spread over this period.
• SMCI is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 96% of 32 stocks in the same industry.
• The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
• SMCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMCI is lagging the market.
• In the last month SMCI has a been trading in the 671.00 - 1020.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of SMCI contains the most current technical analsysis.

Fundamental Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to SMCI. SMCI was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SMCI is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make SMCI a good candidate for growth investing.

Our latest full fundamental report of SMCI contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.