Seagate Technology Holdings Plc (STX) Reports -8.01% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Seagate Technology Holdings Plc (NASDAQ:STX) does about 2.82M shares in volume on a normal day but saw 2008266 shares change hands in Monday’s trading. The company now has a market cap of 19.56B USD. Its current market price is $93.15, marking a decrease of -0.91% compared to the previous close of $94.01. The 52 week high reached by this stock is $101.26 whilst the lowest price level in 52 weeks is $56.02.

Seagate Technology Holdings Plc (STX) has a 20-day trading average at $87.29 and the current price is -8.01% off the 52-week high compared with 66.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $89.06 and its 200-day simple moving average is $78.79. If we look at the stock’s price movements over the week, volatility stands at 1.96%, which increases to 2.92% 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 65.74 to suggest the stock is neutral.

The consensus objective for the share price is $97.90, suggesting that the stock has a potential upside of 4.85% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 01, 2024 when Wedbush upgraded the stock to “Outperform” and issued a price target of $100. Morgan Stanley also upgraded the stock to “Overweight” from Equal-Weight on March 26, 2024 at a price target of $73-$115. Evercore ISI initiated its price target at $110.

Seagate Technology Holdings Plc (STX) stock is up 3.67% over the week and 9.34% over the past month. Its price is 9.11% year-to-date and 64.00% over the past year.

To reach the target analysts have set, the stock logically needs to grow 4.85 percent from here.

The company has a return on investment of -8.17%. The forward price to earnings ratio is 16.51. The beta has a value of 1.05. Price to sales ratio is 3.12.