Should Investors Trust The Upside Potential In Seagate Technology Holdings Plc (STX)?

Seagate Technology Holdings Plc (NASDAQ:STX) currently has a daily average trading volume of 3.01M but it saw 4615534 shares traded in last market. With a market cap of 21.31B USD, the company’s current market price of $100.67 came rising about 0.40 while comparing to the previous closing price of $100.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $115.32 and as low as $82.31.

Taking a look at 20-day trading activity of Seagate Technology Holdings Plc (STX) gives us an average price of $98.94, while its current price level is -12.70% below from 52-week high level whereas it is 22.31% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $95.70 while that of 200 days or SMA-200 reads an average of $100.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.60% during that period while stretching the period over a month that decreases to 2.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.34 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the The Benchmark Company which upgraded the stock as “Buy” in its note to investors issued on January 22, 2025, recommending a price target of $120 for it. Morgan Stanley issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $133 and $129.

Over the week, STX’s stock price is moving -1.92% down while it is 0.40% when we observe its performance for the past one month. Year-to-date it is 16.64% up and over the past year, the stock is showing an upside performance of 13.55%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 1.74 while estimate for next year EPS is 7.43. In next quarter, company is expected to be making quarterly sales of $2.3B as analysts are expecting the sales for current fiscal year at $8.96B and seeing the company making $10.16B in sales next year. Moreover, analysts are in estimates of $2.14B for current-quarter revenue.

Currently, Seagate Technology Holdings Plc’s total number of outstanding shares is 211.71M with 0.54% of that held by the insiders while 93.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 28.61%. It has a price to earnings ratio (P/E ratio) of 18.42 while having a 10.28 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to sale or P/S ratio amounts to 2.65. Its return on asset (ROA) is 15.61% on average.