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The closing price of Seagate Technology Holdings Plc (NASDAQ: STX) was $103.96 for the day, down -5.09% from the previous closing price of $109.53. In other words, the price has decreased by -$5.09 from its previous closing price. On the day, 4.19 million shares were traded. STX stock price reached its highest trading level at $109.065 during the session, while it also had its lowest trading level at $103.64.
Ratios:
Our analysis of STX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.88. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 1.08.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 22986905600 and an Enterprise Value of 26147600384. As of this moment, Seagate’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.87, and their Forward P/E ratio for the next fiscal year is 12.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.33. Its current Enterprise Value per Revenue stands at 3.991 whereas that against EBITDA is 37.407.
Stock Price History:
Over the past 52 weeks, STX has reached a high of $113.57, while it has fallen to a 52-week low of $57.32. The 50-Day Moving Average of the stock is 3.17%, while the 200-Day Moving Average is calculated to be 19.01%.
Shares Statistics:
STX traded an average of 2.33M shares per day over the past three months and 3292280 shares per day over the past ten days. A total of 210.00M shares are outstanding, with a floating share count of 208.89M. Insiders hold about 0.52% of the company’s shares, while institutions hold 90.06% stake in the company. Shares short for STX as of 1721001600 were 10976978 with a Short Ratio of 4.71, compared to 1718323200 on 11654994. Therefore, it implies a Short% of Shares Outstanding of 10976978 and a Short% of Float of 6.370000000000001.
Dividends & Splits
With its trailing 12-month dividend rate of 2.8, STX has a forward annual dividend rate of 2.80. Against a Trailing Annual Dividend Yield of 0.025563773The stock’s 5-year Average Dividend Yield is 4.03.
