Viewer's Choice

[littlejohn]

I prefer the conservative forward p/e ratio

approach to valuation...

$8/shares of EPS is possible for

4th quarter, 2024, results due 08/06...

forward year average to figure then is

$8 x 4 = $32/share EPS annually...

32 x 30 p/e = $960 price...

That is the conservative look with

more revenue growth expected in

2025,,,but we have no guidance yet...

SMCI could find new support base

around $950 to $1,000 with $8/share EPS...

Traders sold SMCI last week when the

technical price broke down below 800...

They have probably reentered already

around the 680 to 700 level of support

first achieved in February, 2024...

Back then it took less than a week to get

from 680 to 1,000...

So we watch...LJ