Seagate Technology Holdings plc (NASDAQ:STX) saw a downside of -0.92% to $62.65 after subtracting -$0.58 on Tuesday. The 5-day average trading volume is 2,795,197 shares of the company’s common stock. It has gained $64.91 in the past week and touched a new high 3 times within the past 5 days. An average of 2,242,239 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,337,750.
STX’s 1-month performance is 23.97% or $12.40 on its low of $50.06 reached on 12/27/22. The company’s shares have touched a 52-week low of $47.47 and high of $117.03, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, STX has achieved 20.19% or $10.30 and has reached a new high 9 times. However, the current price is down -46.47% from the 52-week high price.
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STX stock investors last saw insider trading activity on Mar 04.LUCZO STEPHEN J (Director) most recently sold 50,000 shares at $103.26 per share on Mar 04. This transaction cost the insider $5,163,235. EVP & CFO, Romano Gianluca, sold 20,495 shares at a price of $107.36 on Feb 22. Then, on Feb 22, Director ValueAct Holdings, L.P. sold 272,297 shares at a price of $108.01 per share. This transaction amounted to $29,410,799.
STX stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price to cash flow ratio at 31.61.
Seagate Technology Holdings plc’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 28.30%. The firm’s gross profit as reported stood at $3.47 billion against revenue of $11.66 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected STX to announce $0.72 per share in earnings in its latest quarter, but it posted $0.48, representing a -33.30% surprise. EBITDA for the quarter stood at more than $242.0 million. STX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 8.96 billion, with total debt at $6.25 billion. Shareholders hold equity totaling $206.45 million.
Let’s look briefly at Seagate Technology Holdings plc (STX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 79.70% to suggest the stock is trending Overbought, with historical volatility in this time period at 34.05%.
The stock’s 5-day moving average is $60.48, reflecting a +10.41% or $5.93 change from its current price. STX is currently trading +25.29% above its 20-day SMA, -9.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.35% and SMA200 by-26.93%.
Stochastic %K and %D was 91.50% and 89.71% and the average true range (ATR) pointed at 2.16. The RSI (14) points at 73.70%, while the 14-day stochastic is at 84.64% with the period’s ATR at 2.07. The stock’s 9-day MACD Oscillator is pointing at 2.76 and 4.31 on the 14-day charts.
In the most recent analyst report for Seagate Technology Holdings plc (NASDAQ: STX), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for STX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate STX as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is STX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $35.00 and a high of $70.00, with their median price target at $60.50. Looking at these predictions, the average price target given by analysts is for Seagate Technology Holdings plc (STX) stock is $59.83.