Analyzing the Sharp Decline and Future Prospects of SMCI Ahead of Its Stock Split
From a high of $725, the price has fallen to $535, representing a $190 decline in less than 12 hours—a 26.21% drop. This raises questions about whether retail investors or other stakeholders are selling off their positions.
Overall, $SMCI.US$ has experienced a significant decline, dropping from $1229 to $535, amounting to a 56.47% decrease over the past few months. The exact duration of this decline remains to be clarified.
As the company prepares for a 10-for-1 stock split scheduled for October 1, 2024, the market's response is uncertain. Will $SMCI.US$ follow in the footsteps of $NVDA.US$, which saw its stock price rise post-split? Or will it mirror $AVGO.US$, which experienced a downward pressure on its stock price before the split, ostensibly to make shares more "affordable"?
I personally hope $SMCI.US$ avoids the negative outcomes seen with $AVGO.US$, as the post-split results were disappointing.
*This is my personal views, and I am not giving advice nor informing anyone to act on certain way! Do share you opinion.
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Money Thrill : Most of the people buy the Money, not the Company. Revenues are good but earnings/share low ... under, to high estimates. That they has a lot óf investigations is very, very normal, in this competitive sector. Margin is lower but also that is very normal. Nothing is changed, only "The Sentiment and STOCK PRICE".![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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