Seagate Technology Holdings Plc (NASDAQ: STX) has seen a decline in its stock price by -1.37 in relation to its previous close of 103.13. However, the company has experienced a -1.00% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-07-03 that Earnings are essential to determining which stocks will outperform. Unsurprisingly, earnings outperformers also see strong price appreciation.
Is It Worth Investing in Seagate Technology Holdings Plc (NASDAQ: STX) Right Now?
Moreover, the 36-month beta value for STX is 1.04. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 19 as “hold,” and 3 as “sell.”
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The public float for STX is 208.89M and currently, short sellers hold a 5.58% of that float. On July 04, 2024, STX’s average trading volume was 2.49M shares.
STX’s Market Performance
STX stock saw an increase of -1.00% in the past week, with a monthly gain of 11.38% and a quarterly increase of 11.01%. The volatility ratio for the week is 2.07%, and the volatility levels for the last 30 days are 2.54% for Seagate Technology Holdings Plc (STX). The simple moving average for the last 20 days is 0.04% for STX stock, with a simple moving average of 20.60% for the last 200 days.
Analysts’ Opinion of STX
Many brokerage firms have already submitted their reports for STX stocks, with BofA Securities repeating the rating for STX by listing it as a “Buy.” The predicted price for STX in the upcoming period, according to BofA Securities is $110 based on the research report published on June 05, 2024 of the current year 2024.
Citigroup, 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 “Buy” according to the report published on May 14th, 2024.
Wedbush gave a rating of “Outperform” to STX, setting the target price at $100 in the report published on May 01st of the current year.
STX Trading at 6.49% 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 -5.74% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.01% upper at present.
During the last 5 trading sessions, STX fell by -1.34%, which changed the moving average for the period of 200-days by +59.01% in comparison to the 20-day moving average, which settled at $102.16. In addition, Seagate Technology Holdings Plc saw 19.15% 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 Teh Ban Seng, who sale 10,742 shares at the price of $100.00 back on Jun 11 ’24. After this action, Teh Ban Seng now owns 5,042 shares of Seagate Technology Holdings Plc, valued at $1,074,200 using the latest closing price.
Morris John Christopher, the SVP, HDD & SDD Products & CTO of Seagate Technology Holdings Plc, sale 5,928 shares at $99.99 during a trade that took place back on Jun 11 ’24, which means that Morris John Christopher is holding 12,185 shares at $592,725 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 4.18. 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 wrap up, the performance of Seagate Technology Holdings Plc (STX) has been better in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
