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The closing price of Seagate Technology Holdings Plc (NASDAQ: STX) was $101.72 for the day, down -1.37% from the previous closing price of $103.13. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 1.06 million shares were traded. STX stock price reached its highest trading level at $103.275 during the session, while it also had its lowest trading level at $101.21.
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 26.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.26. 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:
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 21286584320 and an Enterprise Value of 26160537600. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.41. Its current Enterprise Value per Revenue stands at 4.175 whereas that against EBITDA is 61.992.
Stock Price History:
The Beta on a monthly basis for STX is 1.04, which has changed by 0.66672146 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, STX has reached a high of $107.91, while it has fallen to a 52-week low of $57.32. The 50-Day Moving Average of the stock is 6.49%, while the 200-Day Moving Average is calculated to be 20.60%.
Shares Statistics:
STX traded an average of 2.49M shares per day over the past three months and 1892370 shares per day 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 90.03% stake in the company. Shares short for STX as of 1718323200 were 11654994 with a Short Ratio of 4.68, compared to 1715731200 on 10901226. Therefore, it implies a Short% of Shares Outstanding of 11654994 and a Short% of Float of 6.760000400000001.
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 0.027150199The stock’s 5-year Average Dividend Yield is 4.03.
Earnings Estimates
Current recommendations for the stock of the company come from 20.0 analysts. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $0.87 and a low estimate of $0.62, while EPS last year was -$0.18. The consensus estimate for the next quarter is $1.13, with high estimates of $1.39 and low estimates of $0.93.
Analysts are recommending an EPS of between $1.1 and $0.85 for the fiscal current year, implying an average EPS of $0.98. EPS for the following year is $5.74, with 23.0 analysts recommending between $7.21 and $4.25.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 19 analysts. It ranges from a high estimate of $1.93B to a low estimate of $1.82B. As of the current estimate, Seagate Technology Holdings Plc’s year-ago sales were $1.6BFor the next quarter, 19 analysts are estimating revenue of $2.06B. There is a high estimate of $2.15B for the next quarter, whereas the lowest estimate is $1.97B.
A total of 24 analysts have provided revenue estimates for STX’s current fiscal year. The highest revenue estimate was $6.59B, while the lowest revenue estimate was $6.48B, resulting in an average revenue estimate of $6.53B. In the same quarter a year ago, actual revenue was $7.38BBased on 24 analysts’ estimates, the company’s revenue will be $8.9B in the next fiscal year. The high estimate is $9.74B and the low estimate is $7.93B.
