Sell-side research analysts give opinions on future stock movement for Silicon Motion Technology Corporation (NASDAQ:SIMO). These opinions are based on extensive research and deep knowledge of the company. Analysts taken into consideration by Thomson Reuters have created a consensus target price of $52.98 on the stock.Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, Silicon Motion Technology Corpo has a price to earnings ratio of 13.66. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. The stock presently has a PEG Ratio of -3.65 .
Taking a brief view of stock performance, we see that company shares are currently trading $-4.09 off the 50-day moving average of $46.68 and $-3.26 off of the 200-day moving average of $45.85 . The stock has been recently recorded -24.28% off of the 52-week high of 56.25 and +13.97% away from the 52-week low of 37.37. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock.