In the past week, STX stock has gone up by 0.32%, with a monthly decline of -4.22% and a quarterly surge of 10.37%. The volatility ratio for the week is 2.28%, and the volatility levels for the last 30 days are 2.53% for Seagate Technology Holdings Plc The simple moving average for the past 20 days is -4.35% for STX’s stock, with a 4.75% simple moving average for the past 200 days.
Is It Worth Investing in Seagate Technology Holdings Plc (NASDAQ: STX) Right Now?
The price-to-earnings ratio for Seagate Technology Holdings Plc (NASDAQ: STX) is 26.58x, which is above its average ratio. Moreover, the 36-month beta value for STX is 1.07. 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 210.49M and currently, short sellers hold a 5.18% of that float. On November 06, 2024, STX’s average trading volume was 2.19M shares.
STX) stock’s latest price update
Seagate Technology Holdings Plc (NASDAQ: STX)’s stock price has plunge by 1.76relation to previous closing price of 99.89. Nevertheless, the company has seen a 0.32% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-04 that UPPLANDS VÄSBY, Sweden, Nov. 04, 2024 (GLOBE NEWSWIRE) — Öhlins Racing the global leader in advanced suspension technology, has debuted its first front fork for Harley-Davidson motorcycles – the American V-Twin 48 Blackline front fork. Included in this landmark release is the new Öhlins STX Pro Blackline shock absorber. Both products are equipped with Öhlins’ cutting-edge technologies from Bagger Racing and aim to enhance the comfort and overall riding experience for Harley-Davidson enthusiasts.
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 -2.96% 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 -11.85% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares sank -6.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.97% lower at present.
During the last 5 trading sessions, STX rose by +0.32%, which changed the moving average for the period of 200-days by +16.70% in comparison to the 20-day moving average, which settled at $106.27. In addition, Seagate Technology Holdings Plc saw 19.07% 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 20,000 shares at the price of $99.53 back on Nov 01 ’24. After this action, MOSLEY WILLIAM D now owns 642,497 shares of Seagate Technology Holdings Plc, valued at $1,990,619 using the latest closing price.
Geldmacher Jay L, the Director of Seagate Technology Holdings Plc, sale 4,100 shares at $103.30 during a trade that took place back on Oct 24 ’24, which means that Geldmacher Jay L is holding 2,852 shares at $423,530 based on the most recent closing price.
Stock Fundamentals for STX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.29 for the gross margin
The net margin for Seagate Technology Holdings Plc stands at 0.11. The total capital return value is set at 0.21.
Based on Seagate Technology Holdings Plc (STX), the company’s capital structure generated 1.3 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 -4.37. The interest coverage ratio of the stock is 2.98.
Currently, EBITDA for the company is 696.0 million with net debt to EBITDA at 3.8. When we switch over and look at the enterprise to sales, we see a ratio of 3.57. The receivables turnover for the company is 9.65for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
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’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.
