In the past week, STX stock has gone down by -0.72%, with a monthly decline of -6.40% and a quarterly plunge of -1.92%. The volatility ratio for the week is 3.99%, and the volatility levels for the last 30 days are 3.15% for Seagate Technology Holdings Plc The simple moving average for the last 20 days is -1.20% for STX’s stock, with a simple moving average of 11.11% for the last 200 days.
Is It Worth Investing in Seagate Technology Holdings Plc (NASDAQ: STX) Right Now?
The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 19 as “hold,” and 3 as “sell.”
The public float for STX is 208.84M, and at present, short sellers hold a 4.88% of that float. On May 01, 2024, the average trading volume of STX was 2.91M shares.
STX) stock’s latest price update
Seagate Technology Holdings Plc (NASDAQ: STX)’s stock price has dropped by -0.20 in relation to previous closing price of 86.08. Nevertheless, the company has seen a loss of -0.72% in its stock price over the last five trading days. MarketBeat reported 2024-04-30 that Data storage device manufacturer Seagate Technology Holdings plc NASDAQ: STX hasn’t significantly benefitted from the artificial intelligence (AI) boom. Its computer and technology sector rival Western Digital Co. NASDAQ: WDC had a dramatic 2024 reversal of fortune as losses of 46 cents transformed into profits of 40 cents, and sagging revenues turned into a 23% YOY revenue spike.
Analysts’ Opinion of STX
Many brokerage firms have already submitted their reports for STX stocks, with Morgan Stanley repeating the rating for STX by listing it as a “Overweight.” The predicted price for STX in the upcoming period, according to Morgan Stanley is $115 based on the research report published on March 26, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see STX reach a price target of $110. The rating they have provided for STX stocks is “Outperform” according to the report published on February 27th, 2024.
TD Cowen gave a rating of “Outperform” to STX, setting the target price at $110 in the report published on January 25th of the current year.
STX Trading at -3.59% 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 -15.16% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.84% lower at present.
During the last 5 trading sessions, STX fell by -0.72%, which changed the moving average for the period of 200-days by +39.53% in comparison to the 20-day moving average, which settled at $86.74. In addition, Seagate Technology Holdings Plc saw 0.63% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STX starting from MOSLEY WILLIAM D, who sale 1,000 shares at the price of $92.69 back on Mar 09 ’24. After this action, MOSLEY WILLIAM D now owns 672,192 shares of Seagate Technology Holdings Plc, valued at $92,690 using the latest closing price.
Romano Gianluca, the EVP & CFO of Seagate Technology Holdings Plc, sale 485 shares at $92.69 during a trade that took place back on Mar 09 ’24, which means that Romano Gianluca is holding 72,877 shares at $44,955 based on the most recent closing price.
Stock Fundamentals for STX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.2 for the gross margin
The net margin for Seagate Technology Holdings Plc stands at -0.04. The total capital return value is set at 0.04.
Based on Seagate Technology Holdings Plc (STX), the company’s capital structure generated 1.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at -3.0. The interest coverage ratio of the stock is 0.52.
Currently, EBITDA for the company is 542.0 million with net debt to EBITDA at 12.83. When we switch over and look at the enterprise to sales, we see a ratio of 3.65. The receivables turnover for the company is 13.71for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To sum up, Seagate Technology Holdings Plc (STX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
