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SMART Global Holdings (SGH) Jumps: Stock Rises 10%
SMART Global Holdings, Inc. (SGH - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company for the company—as the stock is now up 6% in the past one-month time frame.
The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for SMART Global. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
SMART Global currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
SMART Global Holdings, Inc. Price
SMART Global Holdings, Inc. Price | SMART Global Holdings, Inc. Quote
Another player in the Electronics - Semiconductors industry, which looks attractive at current levels is Broadcom Limited (AVGO - Free Report) , which hasthe same Zacks Rank as SMART Global.
Is SGH going up? Or down? Predict to see what others think: Up or Down
Zacks Editor-in-Chief Goes ""All In"" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>