Would It Be A Good Move Today To Sell Seagate Technology Holdings plc (STX) Stock?

As of Wednesday close, Seagate Technology Holdings plc’s (NASDAQ:STX) stock was down -$1.1, moving down -1.51 percent to $71.60. The average number of shares traded per day over the past five days has been 2,692,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.03 fall in that time frame. In the last twenty days, the average volume was 1,994,800, while in the previous 50 days, it was 1,988,128.

Since last month, STX stock retreated -10.63%. Shares of the company fell to $70.11 on 06/16/22, the lowest level in the past month. A 52-week high of $117.67 was reached on 01/05/22 after having rallying from a 52-week low of $70.11. Since the beginning of this year, STX’s stock price has dropped by -36.63% or -$41.38, and marked a new high 3 times. However, the stock has declined by -39.15% since its 52-week high.


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Seagate Technology Holdings plc (STX) last reported insider trading activity 111 days ago on Mar 04. LUCZO STEPHEN J, the Director of the company, disposed of 50,000 shares for $103.26 on Mar 04. It resulted in a $5,163,235 divestment by the insider. Romano Gianluca sold 20,495 shares at an average price of $107.36 on Feb 22. The insider now owns 19,391 shares following the transaction. On Feb 22, Director ValueAct Holdings, L.P. sold 272,297 shares at $108.01 apiece. The transaction was valued at $29,410,799.

Valuation Metrics

Right now, Seagate Technology Holdings plc (STX) has a P/E ratio of about 8.81. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.24, the price-to-book (PB) ratio of 37.10, and the price-to-cash flow ratio of 16.47 may also be considered.

The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70. On Friday October 22 2021, a $0.03 dividend increase was announced.

Financial Health

In the three months ended March 30, Seagate Technology Holdings plc’s quick ratio stood at 1.00, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 13.33, and the total debt-to-equity ratio was 13.41. On the profitability front, the trailing twelve-month gross margin is 29.80% percent. In the year ended March 30, operating margins totaled 17.40%. Based on annual data, STX earned $2.92 billion in gross profit and brought in $10.68 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.30%. Return on equity (ROE) for the past 12 months was 340.50%.

In Seagate Technology Holdings plc’s quarter-end financial report for March 30, it reported total debt of $5.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. STX’s revenue rose 2.53% to $3.12 billion during the quarter, while net income inched up to $2.8 billion. While analysts expected Seagate Technology Holdings plc to report $1.86 quarterly earnings, the actual figure was $1.81 per share, beating the consensus estimate by -2.70%. During the quarter, the company generated $541.0 million in EBITDA. The liabilities of Seagate Technology Holdings plc were 8.72 billion at the end of its most recent quarter ended March 30, and its total debt was $5.64 billion. The value of shareholders’ equity is $214.84 million.

Technical Picture

This quick technical analysis looks at Seagate Technology Holdings plc’s (STX) price momentum. With a historical volatility rate of 41.79%, the RSI 9-day stood at 29.03% on 22 June.

With respect to its five-day moving average, the current Seagate Technology Holdings plc price is down by -5.33% percent or -$4.03. At present, STX shares trade -12.61% below its 20-day simple moving average and -30.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.80% below its SMA50 and -20.73% below its SMA200.

Stochastic coefficient K was 13.65% and Stochastic coefficient D was 13.53%, while ATR was 3.04. Given the Stochastic reading of 9.82% for the 14-day period, the RSI (14) reading has been calculated as 33.87%. As of today, the MACD Oscillator reading stands at -3.25, while the 14-day reading stands at -6.12.

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