SanDisk (Nasdaq:SNDK) hit a new 52-week high Tuesday as it is currently trading at $62.75, above its previous 52-week high of $61.70 with 1.9 million shares traded as of 12:21 p.m. ET. Average volume has been four million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- SanDisk (Nasdaq: SNDK) hit a new 52-week high Tuesday as it is currently trading at $62.75, above its previous 52-week high of $61.70 with 1.9 million shares traded as of 12:21 p.m. ET. Average volume has been four million shares over the past 30 days. SanDisk has a market cap of $14.31 billion and is part of the technology sector and computer hardware industry. Shares are up 35.2% year to date as of the close of trading on Monday. Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full SanDisk Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..