The stock of Seagate Technology Holdings Plc (NASDAQ: STX) has increased by 0.91 when compared to last closing price of 101.34. Despite this, the company has experienced a 5.66% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-05 that Despite a weak start to this month, we offer five stocks as momentum picks for September. These are: AIZ, ALLY, APP, PARAA, STX.
Is It Worth Investing in Seagate Technology Holdings Plc (NASDAQ: STX) Right Now?
Seagate Technology Holdings Plc (NASDAQ: STX) has a price-to-earnings ratio that is above its average at 66.93x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, 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 209.49M, and at present, short sellers hold a 5.60% of that float. On September 11, 2024, the average trading volume of STX was 2.38M shares.
STX’s Market Performance
STX stock saw an increase of 5.66% in the past week, with a monthly gain of 6.21% and a quarterly increase of 2.75%. The volatility ratio for the week is 3.75%, and the volatility levels for the last 30 days are 2.66% for Seagate Technology Holdings Plc (STX). The simple moving average for the past 20 days is 1.68% for STX’s stock, with a 11.04% simple moving average for the past 200 days.
Analysts’ Opinion of STX
Many brokerage firms have already submitted their reports for STX stocks, with TD Cowen repeating the rating for STX by listing it as a “Buy.” The predicted price for STX in the upcoming period, according to TD Cowen is $135 based on the research report published on July 24, 2024 of the current year 2024.
BofA Securities, 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 June 05th, 2024.
Citigroup gave a rating of “Buy” to STX, setting the target price at $110 in the report published on May 14th of the current year.
STX Trading at 0.71% 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 -9.96% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares surge +6.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.98% lower at present.
During the last 5 trading sessions, STX rose by +5.66%, which changed the moving average for the period of 200-days by +34.45% in comparison to the 20-day moving average, which settled at $100.90. In addition, Seagate Technology Holdings Plc saw 19.78% 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 JOHN MORRIS, who proposed sale 9,414 shares at the price of $101.27 back on Sep 10 ’24. After this action, JOHN MORRIS now owns shares of Seagate Technology Holdings Plc, valued at $953,356 using the latest closing price.
Conyers Yolanda Lee, the Director of Seagate Technology Holdings Plc, sale 750 shares at $96.10 during a trade that took place back on Sep 04 ’24, which means that Conyers Yolanda Lee is holding 3,034 shares at $72,075 based on the most recent closing price.
Stock Fundamentals for STX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.23 for the gross margin
The net margin for Seagate Technology Holdings Plc stands at 0.05. The total capital return value is set at 0.1.
Based on Seagate Technology Holdings Plc (STX), the company’s capital structure generated 1.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -3.85. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 696.0 million with net debt to EBITDA at 7.34. When we switch over and look at the enterprise to sales, we see a ratio of 4.01. The receivables turnover for the company is 12.15for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To sum up, Seagate Technology Holdings Plc (STX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
