Seagate Technology Holdings plc (NASDAQ:STX) went down by -0.67% from its latest closing price compared to the recent 1-year high of $117.67. The company’s stock price has collected -5.84% of loss in the last five trading sessions. Barron’s reported on 09/01/22 that Semtech Stock Suffers Worst Daily Decline Ever. It’s Not Just the Weak Outlook.
Is It Worth Investing in Seagate Technology Holdings plc (NASDAQ :STX) Right Now?
Seagate Technology Holdings plc (NASDAQ:STX) scored a price-to-earnings ratio above its average ratio, recording 8.12 x from its present earnings ratio. Plus, the 36-month beta value for STX is at 1.14. Opinions of the stock are interesting as 7 analysts out of 26 who provided ratings for Seagate Technology Holdings plc declared the stock was a “buy,” while 1 rated the stock as “overweight,” 17 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $77.14, which is $16.07 above the current price. STX currently public float of 205.79M and currently shorts hold a 5.82% ratio of that float. Today, the average trading volume of STX was 2.08M shares.
STX’s Market Performance
STX stocks went down by -5.84% for the week, with a monthly drop of -22.25% and a quarterly performance of -16.86%, while its annual performance rate touched -27.02%. The volatility ratio for the week stands at 2.71% while the volatility levels for the past 30 days are set at 3.40% for Seagate Technology Holdings plc. The simple moving average for the period of the last 20 days is -12.21% for STX stocks with a simple moving average of -32.77% for the last 200 days.
Analysts’ Opinion of STX
Many brokerage firms have already submitted their reports for STX stocks, with Exane BNP Paribas repeating the rating for STX by listing it as a “Neutral.” The predicted price for STX in the upcoming period, according to Exane BNP Paribas is $70 based on the research report published on September 13th of the current year 2022.
Credit Suisse gave a rating of “Neutral” to STX, setting the target price at $80 in the report published on August 17th of the current year.
STX Trading at -20.34% from the 50-Day Moving Average
After a stumble in the market that brought STX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.41% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares sank -21.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.39% lower at present.
During the last 5 trading sessions, STX fell by -5.84%, which changed the moving average for the period of 200-days by -43.53% in comparison to the 20-day moving average, which settled at $67.01. In addition, Seagate Technology Holdings plc saw -47.31% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at STX starting from LUCZO STEPHEN J, who sale 50,000 shares at the price of $103.26 back on Mar 04. After this action, LUCZO STEPHEN J now owns 225,941 shares of Seagate Technology Holdings plc, valued at $5,163,235 using the latest closing price.
ValueAct Holdings, L.P., the Director of Seagate Technology Holdings plc, sale 272,297 shares at $108.01 during a trade that took place back on Feb 22, which means that ValueAct Holdings, L.P. is holding 13,437,070 shares at $29,410,799 based on the most recent closing price.
Stock Fundamentals for STX
Current profitability levels for the company are sitting at:
- +17.04 for the present operating margin
- +29.75 for the gross margin
The net margin for Seagate Technology Holdings plc stands at +14.14. Equity return is now at value 337.40, with 20.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.