STMicroelectronics N.V. (NYSE:STM) saw a downside of -1.33% to $42.42 after subtracting -$0.57 on Tuesday. The 5-day average trading volume is 3,316,680 shares of the company’s common stock. It has gained $43.23 in the past week and touched a new high 1 time within the past 5 days. An average of 2,781,560 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,971,808.
STM’s 1-month performance is 17.23% or $6.71 on its low of $34.59 reached on 12/28/22. The company’s shares have touched a 52-week low of $28.35 and high of $47.55, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, STM has achieved 20.86% or $6.99 and has reached a new high 9 times. However, the current price is down -10.79% from the 52-week high price.
STM stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.53 while the price-to-book (PB) in the most recent quarter is 3.72, with the price to cash flow ratio at 33.20.
STMicroelectronics N.V.’s quick ratio for the period ended September 29 was 1.80, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.23, while the total debt to equity was 0.24. In terms of profitability, the gross margin trailing 12 months is 46.80%. The trailing 12-month EBITDA margin is 24.95% while for the period ending September 29, STMicroelectronics N.V.’s operating margin was 26.50%. The firm’s gross profit as reported stood at $5.33 billion against revenue of $12.76 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 44.7% to $2.0 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected STM to announce $1.04 per share in earnings in its latest quarter, but it posted $1.16, representing a 11.50% surprise. EBITDA for the quarter stood at more than $1.58 billion. STM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 7.3 billion, with total debt at $2.8 billion.
Let’s look briefly at STMicroelectronics N.V. (STM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.38%.
The stock’s 5-day moving average is $42.07, reflecting a +1.99% or $0.83 change from its current price. STM is currently trading +18.06% above its 20-day SMA, +20.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.52% and SMA200 by+9.38%.
Stochastic %K and %D was 90.04% and 84.45% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 66.14%, while the 14-day stochastic is at 90.69% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at 0.83 and 2.09 on the 14-day charts.
In the most recent analyst report for STMicroelectronics N.V. (NYSE: STM), Bernstein launched coverage with an Outperform rating. Analysts offering their rating for STM stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate STM as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 11 have offered a “buy” rating.
What is STM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.75 and a high of $76.90, with their median price target at $49.37. Looking at these predictions, the average price target given by analysts is for STMicroelectronics N.V. (STM) stock is $50.71.