Seagate Technology Holdings Plc (NASDAQ: STX)’s stock price has gone decline by -2.00 in comparison to its previous close of 101.84, however, the company has experienced a -1.82% decrease in its stock price over the last five trading days. 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.
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 above average at 26.09x. The 36-month beta value for STX is also noteworthy at 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for STX is 210.51M, and at present, short sellers hold a 5.52% of that float. The average trading volume of STX on November 13, 2024 was 2.11M shares.
STX’s Market Performance
STX’s stock has seen a -1.82% decrease for the week, with a -10.14% drop in the past month and a 2.82% gain in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.57% for Seagate Technology Holdings Plc. The simple moving average for the past 20 days is -4.49% for STX’s stock, with a 2.50% 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 -5.10% 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 -13.46% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -10.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.12% upper at present.
During the last 5 trading sessions, STX fell by -1.82%, which changed the moving average for the period of 200-days by +12.60% in comparison to the 20-day moving average, which settled at $104.49. In addition, Seagate Technology Holdings Plc saw 16.90% 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 Chong Kian Fatt, who sale 9,182 shares at the price of $105.50 back on Nov 08 ’24. After this action, Chong Kian Fatt now owns 0 shares of Seagate Technology Holdings Plc, valued at $968,701 using the latest closing price.
Chong Kian Fatt, the Officer of Seagate Technology Holdings Plc, proposed sale 9,182 shares at $105.50 during a trade that took place back on Nov 08 ’24, which means that Chong Kian Fatt is holding shares at $968,701 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 3.52. 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
In summary, Seagate Technology Holdings Plc (STX) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing 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.
