Sandisk Corp (NASDAQ:SNDK) does about 6.06M shares in volume on a normal day but saw 7728310 shares change hands in the recent trading day. The company now has a market cap of 5.91B USD. Its current market price is $51.00, marking an increase of 9.68% compared to the previous close of $46.50. The 52 week high reached by this stock is $55.01 whilst the lowest price level in 52 weeks is $34.99.
Sandisk Corp (SNDK) has the current price is -7.29% off the 52-week high compared with 45.76% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 8.21%.
The consensus objective for the share price is $57.40, suggesting that the stock has a potential upside of 11.15% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 07, 2025 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $60. Morgan Stanley initiated its price target at $84.
The current price level is 9.57%, 9.57%, and 9.57% away from its SMA20, SMA50, and SMA200 respectively, with the SNDK price moving above the 50-day SMA on current market day. Its price is 41.67% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 2.08 for whole year. Expected sales for next quarter are $1.61B, which analysts say will come at $7.04B for the current fiscal year and next year at $7.94B.
To reach the target analysts have set, the stock logically needs to grow 11.15 percent from here.
The company has a return on investment of -5.10% and return on equity of 0.90%. The price to earnings ratio (P/E ratio) amounts to 128.79 while the forward price to earnings ratio is 10.38. Price to book ratio is 0.61 and price to sales ratio is 0.84.
