After finishing at $61.32 in the prior trading day, Seagate Technology Holdings plc (NASDAQ: STX) closed at $60.11, down -1.97%. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 2820895 shares were traded. STX stock price reached its highest trading level at $62.24 during the session, while it also had its lowest trading level at $59.56.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Our goal is to gain a better understanding of STX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.00.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 01 when Nygaard Jeffrey D. sold 36,809 shares for $69.14 per share. The transaction valued at 2,544,867 led to the insider holds 30,360 shares of the business.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STX now has a Market Capitalization of 11.82B and an Enterprise Value of 17.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49. Its current Enterprise Value per Revenue stands at 2.02 whereas that against EBITDA is 24.30.
Stock Price History:
Over the past 52 weeks, STX has reached a high of $88.25, while it has fallen to a 52-week low of $47.47. The 50-Day Moving Average of the stock is 60.98, while the 200-Day Moving Average is calculated to be 60.67.
The stock has traded on average 2.31M shares per day over the past 3-months and 1.85M shares per day over the last 10 days, according to various share statistics. A total of 207.00M shares are outstanding, with a floating share count of 205.30M. Insiders hold about 0.40% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for STX as of Apr 27, 2023 were 8.72M with a Short Ratio of 9.48M, compared to 11.72M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.21% and a Short% of Float of 5.18%.
Dividends & Splits
In the trailing 12 months, STX’s forward annual dividend rate was 2.80, compared to 2.80 this year. Against a Trailing Annual Dividend Yield of 4.57%, it implies a Forward Annual Dividend Yield of 4.45%. The stock’s 5-year Average Dividend Yield is 4.44.
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.3, while EPS last year was $1.59. The consensus estimate for the next quarter is $0.16, with high estimates of $0.65 and low estimates of -$0.27.
Analysts are recommending an EPS of between $0.33 and $0.06 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $2.44, with 23 analysts recommending between $4.95 and -$0.19.
18 analysts predict $1.72B in revenue for the current quarter. It ranges from a high estimate of $1.77B to a low estimate of $1.65B. As of the current estimate, Seagate Technology Holdings plc’s year-ago sales were $2.63B, an estimated decrease of -34.60% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $1.77B, a decrease of -15.90% over than the figure of -$34.60% in the same quarter last year. There is a high estimate of $1.9B for the next quarter, whereas the lowest estimate is $1.65B.
A total of 21 analysts have provided revenue estimates for STX’s current fiscal year. The highest revenue estimate was $7.55B, while the lowest revenue estimate was $7.43B, resulting in an average revenue estimate of $7.5B. In the same quarter a year ago, actual revenue was $11.66B, down -35.70% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $7.81B in the next fiscal year. The high estimate is $8.9B and the low estimate is $6.96B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.