In the latest session, Seagate Technology Holdings Plc (NASDAQ: STX) closed at $91.74 down -1.02% from its previous closing price of $92.69. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 2601571 shares were traded. STX stock price reached its highest trading level at $91.89 during the session, while it also had its lowest trading level at $90.11.
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 24.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.60. 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 this company, Evercore ISI on February 27, 2024, initiated with a Outperform rating and assigned the stock a target price of $110.
On January 25, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $85 to $110.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $90.Cantor Fitzgerald initiated its Neutral rating on January 23, 2024, with a $90 target price.
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 Mar 04 ’24 when Chong Kian Fatt sold 11,353 shares for $97.53 per share. The transaction valued at 1,107,258 led to the insider holds 201 shares of the business.
Romano Gianluca sold 5,611 shares of STX for $493,880 on Feb 22 ’24. The EVP & CFO now owns 72,404 shares after completing the transaction at $88.02 per share. On Feb 07 ’24, another insider, Geldmacher Jay L, who serves as the Director of the company, sold 4,500 shares for $87.00 each. As a result, the insider received 391,500 and left with 2,681 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 19.42B and an Enterprise Value of 24.31B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97. Its current Enterprise Value per Revenue stands at 3.76 whereas that against EBITDA is 373.93.
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 87.56, while the 200-Day Moving Average is calculated to be 72.84.
Shares Statistics:
For the past three months, STX has traded an average of 2.49M shares per day and 3.39M over the past ten days. A total of 209.51M shares are outstanding, with a floating share count of 208.34M. Insiders hold about 0.56% of the company’s shares, while institutions hold 95.93% stake in the company. Shares short for STX as of Feb 15, 2024 were 10.04M with a Short Ratio of 4.03, compared to 10.95M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.79% and a Short% of Float of 5.84%.
Dividends & Splits
According to the company, the forward annual dividend rate for STX is 2.80, from 2.80 in the trailing year. Against a Trailing Annual Dividend Yield of 3.02%, it implies a Forward Annual Dividend Yield of 3.05%. The stock’s 5-year Average Dividend Yield is 4.20.
Earnings Estimates
There are 18 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.16, while EPS last year was -$0.28. The consensus estimate for the next quarter is $0.56, with high estimates of $0.76 and low estimates of $0.4.
Analysts are recommending an EPS of between $0.99 and $0.55 for the fiscal current year, implying an average EPS of $0.73. EPS for the following year is $4.85, with 21 analysts recommending between $6.93 and $3.32.
Revenue Estimates
A total of 20 analysts have provided revenue estimates for STX’s current fiscal year. The highest revenue estimate was $6.72B, while the lowest revenue estimate was $6.36B, resulting in an average revenue estimate of $6.5B. In the same quarter a year ago, actual revenue was $7.38B, down -12.00% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $8.66B in the next fiscal year. The high estimate is $9.75B and the low estimate is $7.29B. The average revenue growth estimate for next year is up 33.20% from the average revenue estimate for this year.
