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Seagate Technology Holdings Plc (NASDAQ: STX) closed the day trading at $99.10 down -4.14% from the previous closing price of $103.38. In other words, the price has decreased by -$4.14 from its previous closing price. On the day, 3.05 million shares were traded. STX stock price reached its highest trading level at $103.7 during the session, while it also had its lowest trading level at $98.64.
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 15.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.34. 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:
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 Jul 24 ’24 when Teh Ban Seng sold 10,117 shares for $110.00 per share. The transaction valued at 1,112,870 led to the insider holds 5,387 shares of the business.
Teh Ban Seng sold 10,742 shares of STX for $1,074,200 on Jun 11 ’24. The EVP & Chief Commercial Officer now owns 5,042 shares after completing the transaction at $100.00 per share. On Jun 11 ’24, another insider, Morris John Christopher, who serves as the SVP, HDD & SDD Products & CTO of the company, sold 5,928 shares for $99.99 each. As a result, the insider received 592,725 and left with 12,185 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 20809908224 and an Enterprise Value of 25127000064. As of this moment, Seagate’s Price-to-Earnings (P/E) ratio for their current fiscal year is 64.70, and their Forward P/E ratio for the next fiscal year is 10.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18. Its current Enterprise Value per Revenue stands at 3.836 whereas that against EBITDA is 35.947.
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 $62.43. The 50-Day Moving Average of the stock is -2.10%, while the 200-Day Moving Average is calculated to be 12.72%.
Shares Statistics:
Over the past 3-months, STX traded about 2.35M shares per day on average, while over the past 10 days, STX traded about 3583870 shares per day. 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 89.91% stake in the company. Shares short for STX as of 1721001600 were 10976978 with a Short Ratio of 4.67, 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
STX’s forward annual dividend rate is 2.80, up from 2.8 a year ago. Against a Trailing Annual Dividend Yield of 0.027084542The stock’s 5-year Average Dividend Yield is 4.03.
