A Closer Look at Super Micro Computer's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Super Micro Computer (NASDAQ:SMCI) has seen a bearish sentiment in its options market, with 68% of trades being bearish. The price target range is between $800 and $1500, with notable options activity in both calls and puts. The stock is currently down by -3.47%, with a neutral RSI and a consensus analyst target price of $1270. Analyst ratings vary, with the lowest price target at $1150 and the highest at $1350.
April 03, 2024 | 1:46 pm
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Super Micro Computer has seen a bearish trend in its options market, with a significant price target range. The stock's current performance is down, and analyst ratings show a positive but cautious outlook.
The bearish sentiment in the options market, combined with the current stock performance being down, suggests a short-term negative impact. However, the varied analyst ratings with a consensus target price above the current stock price indicate a cautious but positive outlook, which might limit the downside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100