High growth, ROE and relative strength for NASDAQ:SMCI, growth investors may appreciate this.

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.

Looking into the canslim metrics of SUPER MICRO COMPUTER INC

• The quarterly earnings of SUPER MICRO COMPUTER INC have shown a 78.06% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• SUPER MICRO COMPUTER INC has achieved significant quarter-to-quarter (Q2Q) revenue growth of 143.0%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• The EPS of SUPER MICRO COMPUTER INC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• The Return on Equity(ROE) of SUPER MICRO COMPUTER INC is 20.59%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• SUPER MICRO COMPUTER INC has exhibited strong Relative Strength(RS) in recent periods, with a current 79.04 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. SUPER MICRO COMPUTER INC shows promising potential for continued price momentum.
• With a Debt-to-Equity ratio at 0.35, SUPER MICRO COMPUTER INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With 6.05% of the total shares held by institutional investors, SUPER MICRO COMPUTER INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Technical analysis of NASDAQ:SMCI

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, SMCI scores 3 out of 10 in our technical rating. In the past year, SMCI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

• In the last month SMCI has a been trading in the 17.25 - 45.99 range, which is quite wide. It is currently trading near the high of this range.
• The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
• When comparing the yearly performance of all stocks, we notice that SMCI is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
• SMCI is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 56% of 31 stocks in the same industry.
• Volume is considerably higher in the last couple of days.

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

Fundamental analysis of NASDAQ:SMCI

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Overall SMCI gets a fundamental rating of 6 out of 10. We evaluated SMCI against 31 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI has a great profitability rating, there are some minor concerns on its financial health. SMCI is growing strongly while it is still valued neutral. This is a good combination! These ratings could make SMCI a good candidate for growth investing.

Check the latest full fundamental report of SMCI for a complete fundamental analysis.

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

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.