Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Seagate Technology Holdings Plc (NASDAQ: STX) closed the day trading at $83.44 down -0.90% from the previous closing price of $84.20. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 1.81 million shares were traded. STX stock price reached its highest trading level at $85.18 during the session, while it also had its lowest trading level at $83.31.
Ratios:
For a better understanding of STX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.10. 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 17481598976 and an Enterprise Value of 22361575424. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70. Its current Enterprise Value per Revenue stands at 3.456 whereas that against EBITDA is 61.943.
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 -6.72%, while the 200-Day Moving Average is calculated to be 9.29%.
Shares Statistics:
Over the past 3-months, STX traded about 2.86M shares per day on average, while over the past 10 days, STX traded about 2638430 shares per day. A total of 209.51M shares are outstanding, with a floating share count of 208.35M. Insiders hold about 0.55% of the company’s shares, while institutions hold 95.82% stake in the company. Shares short for STX as of 1711584000 were 8798252 with a Short Ratio of 3.08, compared to 1709164800 on 9948804. Therefore, it implies a Short% of Shares Outstanding of 8798252 and a Short% of Float of 5.12.
Dividends & Splits
STX’s forward annual dividend rate is 2.80, up from 2.8 a year ago. The stock’s 5-year Average Dividend Yield is 4.16.
Earnings Estimates
Investors are keenly observing as RTX Corporation analysts analyze and rate the current performance of Seagate Technology Holdings Plc (STX) in the stock market.The consensus estimate for the next quarter is $20.06, with high estimates of $258.68 and low estimates of $83.44.
