Seagate Technology Holdings Plc (NASDAQ:STX) does about 2.81M shares in volume on a normal day but saw 2612855 shares change hands in Monday trading. The company now has a market cap of 18.68B USD. Its current market price is $89.15, marking a decrease of -0.93% compared to the previous close of $89.99. The 52 week high reached by this stock is $101.26 whilst the lowest price level in 52 weeks is $54.32.
Seagate Technology Holdings Plc (STX) has a 20-day trading average at $89.71 and the current price is -11.96% off the 52-week high compared with 64.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $89.63 and its 200-day simple moving average is $75.48. If we look at the stock’s price movements over the week, volatility stands at 3.01%, which decreases to 2.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.93 to suggest the stock is neutral.
The consensus objective for the share price is $95.07, suggesting that the stock has a potential upside of 6.23% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 26, 2024 when Morgan Stanley upgraded the stock to “Overweight” and issued a price target of between $73 and $115. TD Cowen reiterated its price target at $85-$110.
Seagate Technology Holdings Plc (STX) stock is down -2.87% over the week and -4.97% over the past month. Its price is 4.43% year-to-date and 37.45% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.12 above consensus estimates by $0.18. STX’s earnings per share are forecast to grow by 289.50% this year and 567.60% over next year. Expected sales for next quarter are $1.83 billion, which analysts say will come at $6.5 billion for the current fiscal year and next year at $8.67 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.67 billion.
To reach the target analysts have set, the stock logically needs to grow 6.23 percent from here.
Outstanding shares total 209.51M with insiders holding 0.54% of the shares and institutional holders owning 93.51% of the company’s common stock. The company has a return on investment of -18.88%. The forward price to earnings ratio is 18.11. The beta has a value of 1.07. Price to sales ratio is 2.89.
