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After finishing at $98.27 in the prior trading day, Seagate Technology Holdings Plc (NASDAQ: STX) closed at $97.46, down -0.82%. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 1.81 million shares were traded. STX stock price reached its highest trading level at $98.76 during the session, while it also had its lowest trading level at $97.12.
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 16.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.52. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.14.
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 this company, TD Cowen on July 24, 2024, Reiterated its Buy rating but revised its target price to $135 from $110 previously.
On June 05, 2024, BofA Securities reiterated its Buy ratingand also kept the price unchanged to $110.
On May 14, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $110.Citigroup initiated its Buy rating on May 14, 2024, with a $110 target price.
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 Nov 08 ’24 when Chong Kian Fatt sold 9,182 shares for $105.50 per share. The transaction valued at 968,701 led to the insider holds 0 shares of the business.
Chong Kian Fatt bought 9,182 shares of STX for $968,701 on Nov 08 ’24. On Nov 01 ’24, another insider, MOSLEY WILLIAM D, who serves as the Chief Executive Officer of the company, sold 20,000 shares for $99.53 each. As a result, the insider received 1,990,619 and left with 642,497 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 20615712768 and an Enterprise Value of 25051666432. As of this moment, Seagate’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.48, and their Forward P/E ratio for the next fiscal year is 10.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84. Its current Enterprise Value per Revenue stands at 3.448 whereas that against EBITDA is 20.687.
Stock Price History:
Over the past 52 weeks, STX has reached a high of $115.32, while it has fallen to a 52-week low of $73.20. The 50-Day Moving Average of the stock is -7.22%, while the 200-Day Moving Average is calculated to be -0.02%.
Shares Statistics:
The stock has traded on average 2.12M shares per day over the past 3-months and 1831710 shares per day over the last 10 days, according to various share statistics. A total of 211.53M shares are outstanding, with a floating share count of 210.51M. Insiders hold about 0.48% of the company’s shares, while institutions hold 88.43% stake in the company. Shares short for STX as of 1730332800 were 11610387 with a Short Ratio of 5.47, compared to 1727654400 on 11128952. Therefore, it implies a Short% of Shares Outstanding of 11610387 and a Short% of Float of 7.0300005.
Dividends & Splits
In the trailing 12 months, STX’s forward annual dividend rate was 2.8, compared to 2.80 this year. Against a Trailing Annual Dividend Yield of 0.028492928The stock’s 5-year Average Dividend Yield is 3.89.
Earnings Estimates
The dynamic stock of Seagate Technology Holdings Plc (STX) is currently being evaluated by a team of 19.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $1.95, with high estimates of $2.33 and low estimates of $1.54.
Analysts are recommending an EPS of between $8.62 and $5.73 for the fiscal current year, implying an average EPS of $7.46. EPS for the following year is $9.3, with 20.0 analysts recommending between $11.82 and $5.66.
Revenue Estimates
19 analysts predict $2.32B in revenue for the current quarter. It ranges from a high estimate of $2.4B to a low estimate of $2.28B. As of the current estimate, Seagate Technology Holdings Plc’s year-ago sales were $1.55BFor the next quarter, 19 analysts are estimating revenue of $2.34B. There is a high estimate of $2.44B for the next quarter, whereas the lowest estimate is $2.14B.
A total of 22 analysts have provided revenue estimates for STX’s current fiscal year. The highest revenue estimate was $9.57B, while the lowest revenue estimate was $8.75B, resulting in an average revenue estimate of $9.26B. In the same quarter a year ago, actual revenue was $6.55BBased on 21 analysts’ estimates, the company’s revenue will be $10.45B in the next fiscal year. The high estimate is $12.05B and the low estimate is $8.78B.
