SMART Global Holdings with ticker code (SGH) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 45 and 26 with a mean TP of 33.5. Given that the stocks previous close was at 26.08 this now indicates there is a potential upside of 28.5%. The day 50 moving average is 26.51 and the 200 day MA is 28.3. The company has a market cap of $636m. Visit the company website at: http://www.smartm.com
SMART Global Holdings designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations. The company also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, it offers specialty compute and storage system solutions to customers various verticals, including financial services, energy, government, social media, and education end markets; and offers hardware and software products, including solutions based on the Open Compute Project. Further it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and bare metal HPC in hardware or cloud-based solutions through Penguin Computing On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions based upon its Frostbyte storage platform; and rackmount servers and GPU accelerated computing platforms. The company sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings and changed its name to SMART Global Holdings in August 2014. SMART Global Holdings was founded in 1988 and is headquartered in Newark, California.