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In the latest session, Seagate Technology Holdings Plc (NASDAQ: STX) closed at $104.91 down -3.50% from its previous closing price of $108.71. In other words, the price has decreased by -$3.50 from its previous closing price. On the day, 2.82 million shares were traded. STX stock price reached its highest trading level at $106.91 during the session, while it also had its lowest trading level at $104.5201.
Ratios:
For a deeper understanding of Seagate Technology Holdings Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.74. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 0.85.
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, BofA Securities on June 05, 2024, Reiterated its Buy rating and also kept its target price maintained to $110.
On May 14, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $110.
Wedbush Upgraded its Neutral to Outperform on May 01, 2024, while the target price for the stock was maintained at $100.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 11 ’24 when Teh Ban Seng sold 10,742 shares for $100.00 per share. The transaction valued at 1,074,200 led to the insider holds 5,042 shares of the business.
Morris John Christopher sold 5,928 shares of STX for $592,725 on Jun 11 ’24. The SVP, HDD & SDD Products & CTO now owns 12,185 shares after completing the transaction at $99.99 per share. On May 14 ’24, another insider, Teh Ban Seng, who serves as the EVP & Chief Commercial Officer of the company, sold 9,703 shares for $95.00 each. As a result, the insider received 921,785 and left with 15,185 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 22823485440 and an Enterprise Value of 26903898112. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.52. Its current Enterprise Value per Revenue stands at 4.294 whereas that against EBITDA is 63.753.
Stock Price History:
The Beta on a monthly basis for STX is 1.05, which has changed by 0.76914 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, STX has reached a high of $109.63, while it has fallen to a 52-week low of $57.32. The 50-Day Moving Average of the stock is 6.00%, while the 200-Day Moving Average is calculated to be 21.74%.
Shares Statistics:
For the past three months, STX has traded an average of 2.37M shares per day and 1889040 over the past ten days. A total of 209.99M shares are outstanding, with a floating share count of 208.89M. Insiders hold about 0.52% of the company’s shares, while institutions hold 90.12% stake in the company. Shares short for STX as of 1719532800 were 10808783 with a Short Ratio of 4.56, compared to 1717113600 on 11381672. Therefore, it implies a Short% of Shares Outstanding of 10808783 and a Short% of Float of 6.2700000000000005.
Dividends & Splits
According to the company, the forward annual dividend rate for STX is 2.80, from 2.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0257566The stock’s 5-year Average Dividend Yield is 4.03.
