(SANM) Sanmina - Ratings and Ratios

Sanmina Corporation is a global provider of integrated manufacturing solutions, offering a comprehensive range of services including product design and engineering, assembly and testing, logistics, and after-market support. The companys diverse capabilities enable it to cater to various industries such as industrial, medical, defense and aerospace, automotive, communications networks, and cloud infrastructure. Sanminas expertise extends to manufacturing components, subassemblies, and complete systems, including printed circuit boards, memory solutions, and optical and microelectronic solutions.

With a presence in multiple regions, including the Americas, Asia Pacific, Europe, the Middle East, and Africa, Sanmina Corporation is well-positioned to serve original equipment manufacturers (OEMs) worldwide. The companys cloud-based manufacturing execution software further enhances its service offerings, providing a streamlined and efficient solution for its clients. Sanminas history dates back to 1980, and it is headquartered in San Jose, California, a hub for technology companies.

Analyzing the technical data, SANMs stock price is currently at $87.16, with a 20-day simple moving average (SMA) of $84.59, indicating a positive trend. The 50-day SMA and 200-day SMA are at $79.69 and $76.84, respectively, further supporting the upward momentum. The average true range (ATR) is 2.55, representing a 2.92% volatility. Given the current trend and technical indicators, it is likely that SANM will continue to rise, potentially reaching the 52-week high of $90.52.

From a fundamental perspective, Sanmina Corporation has a market capitalization of $4.5 billion and a price-to-earnings (P/E) ratio of 19.49, which is relatively reasonable compared to its peers. The forward P/E ratio is 14.39, indicating expected growth. The return on equity (RoE) is 10.75%, demonstrating the companys ability to generate profits. Combining the technical and fundamental analysis, a forecast for SANM is that it will continue to grow, driven by its diversified services, global presence, and improving financials. A potential target price could be around $95, representing a 9% increase from the current price.