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
Market Data 
Markets 
AI
