What Can We Learn From Seagate Technology Holdings plc (STX)’s Valuation Ratios?

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Seagate Technology Holdings plc (NASDAQ:STX) finished Wednesday with a subtraction of -$0.4 to close at $59.53, a downside of -0.67 percent. An average of 2,689,600 shares of common stock have been traded in the last five days. There was a fall of -$3.69 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 2,455,115 shares traded, while the 50-day average volume stands at 2,190,562.

STX stock has decreased by -22.25% in the last month. The company shares reached their 1-month lowest point of $59.22 on 09/20/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $59.22 and a high of $117.67 in 52 weeks. It has reached a new high 3 times so far this year and lost -47.31% or -$53.45 in price. In spite of this, the price is down -49.41% from the 52-week high.


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Insider Transactions

202 days have passed since Seagate Technology Holdings plc (STX) last reported insider trading activity. LUCZO STEPHEN J, who is Director, most recently acquired $50,000 shares at $103.26 per share on Mar 04. In this transaction, the insider spent $5,163,235. Director, ValueAct Holdings, L.P., disposed of 272,297 shares at a price of $108.01 on Feb 22. The insider now owns more than $29,410,799 worth of shares. Prior to that, EVP & CFO Romano Gianluca went on to Sale 20,495 shares at $107.36 each on Feb 22. An amount of $2,200,394 was transacted.

Valuation Metrics

Seagate Technology Holdings plc (STX) has a trailing price-to-earnings (P/E) ratio of 8.12. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.05, the price-to-book (PB) ratio at 30.84, and the price-to-cash flow ratio at 15.09.

The company has a payout ratio of 33.40%. The company’s most recent quarterly dividend payment was $0.70 a share, without any change from last year. Its latest increase dividend $0.03 reported on Friday October 22 2021.

Financial Health

The quick ratio of Seagate Technology Holdings plc for the three months ended June 29 was 1.00, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 13.33 and a total debt to equity ratio of 13.41 for the quarter ending June 29. Its gross profit as reported stood at $3.47 billion compared to revenue of $11.66 billion.

Earnings Surprise

For the three-month period that ended June 29, Seagate Technology Holdings plc had $5.06 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $276.0 million in the quarter, while revenues were shrunk -74.64%. The analyst consensus anticipated Seagate Technology Holdings plc’s latest quarter earnings to come in at $1.88 per share, but it turned out to be $1.59, a -15.40% surprise. For the quarter, EBITDA amounted to $487.0 million. Shareholders own equity worth $208.75 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Seagate Technology Holdings plc (STX) price momentum. RSI 9-day as of the close on 21 September was 20.18%, suggesting the stock is oversold, with historical volatility in this time frame at 38.39%.

As of today, STX’s price is $61.35 -5.84% or -$3.69 from its 5-day moving average. STX is currently trading -21.21% lower than its 20-day SMA and -27.55% lower than its 100-day SMA. However, the stock’s current price level is -20.39% below the SMA50 and -43.53% below the SMA200.

The stochastic %K and %D were 5.24% and 6.10%, respectively, and the average true range (ATR) was 2.41. With the 14-day stochastic at 2.94% and the average true range at 2.51, the RSI (14) stands at 25.85%. The stock has reached -3.15 on the 9-day MACD Oscillator while the 14-day reading was at -3.89.

Analyst Ratings

Exane BNP Paribas launched coverage on Seagate Technology Holdings plc (NASDAQ: STX) in its analyst report released on September 13, 2022. The firm assigned the stock a Neutral rating.

What is STX’s price target for the next 12 months?

Analysts predict a range of price targets between $45.00 and $100.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for Seagate Technology Holdings plc (STX) stock is $77.14.

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