Seagate Technology Holdings Plc (NASDAQ: STX) has seen a rise in its stock price by 0.62 in relation to its previous close of 101.44. However, the company has experienced a -0.19% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-17 that Seagate Technology saw bullish price momentum for an extended period continuing, in line with overall tech sector market bullishness. 3% dividend yield, but still lacking proven dividend growth. Despite negative equity, STX shows strong cash flow and declining debt, supporting dividend sustainability for now.
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 of 66.80x that is above its average ratio. Additionally, the 36-month beta value for STX is 1.06. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 19 rating it as “hold,” and 3 rating it as “sell.”
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The public float for STX is 209.46M and currently, short sellers hold a 5.48% ratio of that float. The average trading volume of STX on September 18, 2024 was 2.35M shares.
STX’s Market Performance
The stock of Seagate Technology Holdings Plc (STX) has seen a -0.19% decrease in the past week, with a 0.33% rise in the past month, and a -3.69% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.61% for STX. The simple moving average for the last 20 days is 0.66% for STX stock, with a simple moving average of 10.09% for the last 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 0.59% 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 -10.13% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -1.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.31% lower at present.
During the last 5 trading sessions, STX fell by -0.19%, which changed the moving average for the period of 200-days by +30.06% in comparison to the 20-day moving average, which settled at $101.31. In addition, Seagate Technology Holdings Plc saw 19.56% 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 Morris John Christopher, who sale 2,531 shares at the price of $101.83 back on Sep 16 ’24. After this action, Morris John Christopher now owns 6,405 shares of Seagate Technology Holdings Plc, valued at $257,732 using the latest closing price.
JOHN C MORRIS, the Officer of Seagate Technology Holdings Plc, proposed sale 2,531 shares at $101.83 during a trade that took place back on Sep 16 ’24, which means that JOHN C MORRIS is holding shares at $257,732 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 4.0. 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
In conclusion, Seagate Technology Holdings Plc (STX) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
