After finishing at $90.23 in the prior trading day, Seagate Technology Holdings Plc (NASDAQ: STX) closed at $91.63, up 1.55%. In other words, the price has increased by $+1.40 from its previous closing price. On the day, 2584933 shares were traded.
Ratios:
Our goal is to gain a better understanding of STX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 1.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on March 26, 2024, Upgraded its rating to Overweight and sets its target price to $115 from $73 previously.
On February 27, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $110.
TD Cowen reiterated its Outperform rating for the stock on January 25, 2024, while the target price for the stock was revised from $85 to $110.
Insider Transactions:
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 Mar 09 ’24 when MOSLEY WILLIAM D sold 1,000 shares for $92.69 per share. The transaction valued at 92,690 led to the insider holds 672,192 shares of the business.
Romano Gianluca sold 485 shares of STX for $44,955 on Mar 09 ’24. The EVP & CFO now owns 72,877 shares after completing the transaction at $92.69 per share. On Mar 09 ’24, another insider, Morris John Christopher, who serves as the SVP, HDD & SDD Products & CTO of the company, sold 180 shares for $92.69 each. As a result, the insider received 16,684 and left with 28,925 shares of the company.
Valuation Measures:
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 18.90B and an Enterprise Value of 23.79B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97. Its current Enterprise Value per Revenue stands at 3.68 whereas that against EBITDA is 365.94.
Stock Price History:
Over the past 52 weeks, STX has reached a high of $101.26, while it has fallen to a 52-week low of $54.32. The 50-Day Moving Average of the stock is 89.62, while the 200-Day Moving Average is calculated to be 75.07.
Shares Statistics:
The stock has traded on average 2.78M shares per day over the past 3-months and 3.23M shares per day over the last 10 days, according to various share statistics. A total of 209.51M shares are outstanding, with a floating share count of 208.34M. Insiders hold about 0.56% of the company’s shares, while institutions hold 96.42% stake in the company. Shares short for STX as of Mar 15, 2024 were 9.41M with a Short Ratio of 3.38, compared to 10.04M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.49% and a Short% of Float of 5.47%.
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 3.10%, it implies a Forward Annual Dividend Yield of 2.96%. The stock’s 5-year Average Dividend Yield is 4.20.
Earnings Estimates
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.16, while EPS last year was -$0.28. The consensus estimate for the next quarter is $0.56, with high estimates of $0.75 and low estimates of $0.4.
Analysts are recommending an EPS of between $0.98 and $0.55 for the fiscal current year, implying an average EPS of $0.73. EPS for the following year is $4.9, with 21 analysts recommending between $6.93 and $3.32.
Revenue Estimates
A total of 21 analysts have provided revenue estimates for STX’s current fiscal year. The highest revenue estimate was $6.63B, while the lowest revenue estimate was $6.36B, resulting in an average revenue estimate of $6.5B. In the same quarter a year ago, actual revenue was $7.38B, down -12.00% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $8.65B in the next fiscal year. The high estimate is $9.75B and the low estimate is $7.29B. The average revenue growth estimate for next year is up 33.20% from the average revenue estimate for this year.
