As of Friday close, Seagate Technology Holdings plc’s (NASDAQ:STX) stock was down -$0.15, moving down -0.25 percent to $61.05. The average number of shares traded per day over the past five days has been 2,984,800 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.70 fall in that time frame. In the last twenty days, the average volume was 2,345,135, while in the previous 50 days, it was 2,627,558.
Since last month, STX stock retreated -15.17%. Shares of the company fell to $58.82 on 03/16/23, the lowest level in the past month. A 52-week high of $94.72 was reached on 02/02/23 after having rallying from a 52-week low of $47.47. Since the beginning of this year, STX’s stock price has risen by 16.04% or $8.44, and marked a new high 12 times. However, the stock has declined by -35.55% since its 52-week high.
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STX stock investors should be aware that Seagate Technology Holdings plc (STX) stock had its last reported insider trading activity 45 days ago on Feb 01. Nygaard Jeffrey D., the EVP, Operations and Technology of the company, disposed of 36,809 shares for $69.14 on Feb 01. It resulted in a $2,544,867 divestment by the insider.
Valuation Metrics
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 December 30, Seagate Technology Holdings plc’s quick ratio stood at 0.70, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 24.50% percent. In the year ended December 30, operating margins totaled 10.10%. Based on annual data, STX earned $3.47 billion in gross profit and brought in $11.66 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 33.40%. Return on equity (ROE) for the past 12 months was -849.50%.
In Seagate Technology Holdings plc’s quarter-end financial report for December 30, it reported total debt of $5.39 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Seagate Technology Holdings plc to report $0.1 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated -$12.0 million in EBITDA. The liabilities of Seagate Technology Holdings plc were 8.34 billion at the end of its most recent quarter ended December 30, and its total debt was $6.03 billion. The value of shareholders’ equity is $206.48 million.
Technical Picture
This quick technical analysis looks at Seagate Technology Holdings plc’s (STX) price momentum. With a historical volatility rate of 28.38%, the RSI 9-day stood at 37.48% on 17 March.
With respect to its five-day moving average, the current Seagate Technology Holdings plc price is down by -1.13% percent or -$0.70. At present, STX shares trade -13.44% below its 20-day simple moving average and +9.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.31% above its SMA50 and -27.90% below its SMA200.
Stochastic coefficient K was 25.60% and Stochastic coefficient D was 18.02%, while ATR was 2.03. Given the Stochastic reading of 34.05% for the 14-day period, the RSI (14) reading has been calculated as 40.24%. As of today, the MACD Oscillator reading stands at -0.88, while the 14-day reading stands at -1.85.
Analyst Ratings
Mizuho upgraded its rating on Seagate Technology Holdings plc (NASDAQ: STX) to a Buy in a note to investors on February 10, 2023. The analysts firm previously had a Neutral rating on the stock.Seagate Technology Holdings plc (STX) has been rated Overweight by analysts. According to 1 brokerage firm, STX is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Seagate Technology Holdings plc stock as buy, with 10 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $35.00 – $82.00. Based on these forecasts, analysts predict Seagate Technology Holdings plc (STX) will achieve an average price target of $67.89.