"Identifying Market Bargains"

This is a news story, published by Yahoo Finance, that relates primarily to Silicon Motion news.

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market bargain

TipRanks

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Down More Than 30%: 2 ‘Strong Buy’ Stocks at Steep Discounts

Summary

Nutrition label

81% Informative

Stock prices can fall for all sorts of reasons, ranging from a fundamental unsoundness in the shares to overarching market conditions.

These are stocks that are down more than 30% from peaks they hit earlier this year but also show solid upside potential for the coming year .

Silicon Motion is a specialist in memory chips, and is an important designer and producer of NAND flash controllers in the solid state storage market.

In the last reported quarter , 3Q24, the company announced completion or progress on multiple important expansion projects.

The company is on track to complete 3.6 gigawatts of new projects this year that is, bringing the projects into operation.

In total, the stock has shed 36% of its value since hitting a peak in May .

The stock's $ 13.45 current trading price and $ 22.57 average price target together suggest that the stock will appreciate by 68% over the next 12 months .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful