Wall Street Stock Recommendations: SMART Global Holdings, Inc. (SGH), Cabot Corporation (CBT)

SMART Global Holdings, Inc. (NASDAQ:SGH) was less active in the last trading session as around 0.21 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 0.29 million shares. A -4.49% change after the initial price of $32.1, sent the closing price to $29.96.

SMART Global Holdings, Inc. (SGH) Analyst Opinion

SMART Global Holdings, Inc. has a consensus buy rating from 6 Wall Street analysts, and the number of shares currently sold short amount to at least 2.17% of shares outstanding. The stock spiked 0.37% last month and is up 122.75 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover SGH having a buy-equivalent rating. Analysts have placed a $34.5 price target on SMART Global Holdings, Inc., suggesting a 15.15% gain from recent close. It’s currently trading about -21.65% below its 52-week high.

SMART Global Holdings, Inc. Earnings Surprise

SMART Global Holdings, Inc. (SGH) revenue totaled $210.5 million up 1.71% from the previous quarter.

SMART Global Holdings, Inc. (NASDAQ:SGH) Intraday View

This stock (SGH) is ahead of its 52-week low with 160.52%. Its last month’s stock price volatility remained 7.56% which for the week stands at 7.44%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.68% and stays 16.27% away from its 50 days moving average. Over the last five days, shares have faced -0.73% losses and now is up 45.58% since hitting its 200-day moving average. SMART Global Holdings, Inc. (SGH) has made its way to a 12-month decline of 0%.

Turning to Cabot Corporation (NYSE:CBT), its shares were trading at $63.29 a gain of $2.33, on the trading floor. The stock, after opening at $61.19, touched a high of $64.21 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. Cabot Corporation has 2 buy ratings, 4 holds and 0 sells even after the stock climbed 3.18% from its high of $ 64.21 to a $3.93 billion market value through last close.

Cabot Corporation (CBT) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.29 to 2.29 during a month. Analysts set a 12-month price target of $60 a share. The target implies a -5.2% decrease from where the shares are currently trading. Also, the current price highlights a discount of 7.44% to analysts’ high consensus price target.

Cabot Corporation (NYSE:CBT) Intraday Trading

The counter witnessed a trading volume of 0.67 million shares versus an average volume of 0.31 million shares during last trading session. Its last month’s stock price volatility remained 1.86% which for the week approaches 1.42%. The lowest price the stock reached in the last trading day was $61.19 and compares with the $47.985 52-week low. The stock recovered 31.9% since its low point and has performed 25.23% year-to-date.

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