Super Micro Computer Stock Soars: SMCI Jumps Over 9% Nearing $35
Super Micro Computer Inc (NASDAQ: SMCI) shares are making a significant upward move in Tuesday afternoon trading, posting impressive gains and attracting considerable investor attention.
As of 1:39 pm GMT-4 on April 23rd, SMCI stock was changing hands at $33.38. This price represents a strong gain of $2.80, translating to a 9.14% increase for the day’s session. The stock is rallying from a previous closing price of $30.58.
The trading day started positively for Super Micro Computer, opening at
34.99** earlier in the session. Although it has eased slightly from the absolute high, the price remains substantially elevated compared to the day’s low of $32.88.
This significant daily gain places SMCI well above its 52-week low of $17.25. However, the stock still trades considerably below its 52-week high marker of $101.40.
The data shows a Price to Earnings (P/E) ratio of 14.60 for the company. Super Micro Computer does not currently pay a dividend. The substantial percentage gain today has put SMCI firmly on the radar of market watchers.
