Seagate Technology Holdings Plc (NASDAQ: STX) has seen a decline in its stock price by -0.25 in relation to its previous close of 86.53. However, the company has experienced a -2.51% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-30 that Uncover four tech hardware stocks well-positioned to soar in 2025, driven by AI, cloud and 5G rollout.
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 22.57x that is above its average ratio. Additionally, the 36-month beta value for STX is 1.08. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
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The public float for STX is 210.31M and currently, short sellers hold a 6.21% ratio of that float. The average trading volume of STX on January 01, 2025 was 2.42M shares.
STX’s Market Performance
The stock of Seagate Technology Holdings Plc (STX) has seen a -2.51% decrease in the past week, with a -14.82% drop in the past month, and a -19.95% fall in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 2.68% for STX. The simple moving average for the last 20 days is -7.37% for STX stock, with a simple moving average of -12.28% 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 previous 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 previous year.
STX Trading at -12.10% 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 -25.16% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares sank -16.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.02% lower at present.
During the last 5 trading sessions, STX fell by -2.51%, which changed the moving average for the period of 200-days by +0.35% in comparison to the 20-day moving average, which settled at $93.18. In addition, Seagate Technology Holdings Plc saw 1.10% 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 141 shares at the price of $98.46 back on Dec 12 ’24. After this action, Morris John Christopher now owns 7,757 shares of Seagate Technology Holdings Plc, valued at $13,883 using the latest closing price.
JOHN MORRIS, the Officer of Seagate Technology Holdings Plc, proposed sale 141 shares at $98.46 during a trade that took place back on Dec 12 ’24, which means that JOHN MORRIS is holding shares at $13,883 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 1.03 billion with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. 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 conclusion, Seagate Technology Holdings Plc (STX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
