Seagate Technology Holdings plc (NASDAQ:STX) saw an upside of 0.80% to $66.03 after adding $0.53 on Tuesday. The 5-day average trading volume is 1,501,577 shares of the company’s common stock. It has gained $66.50 in the past week and touched a new high 3 times within the past 5 days. An average of 2,669,459 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,190,856.
STX’s 1-month performance is 11.38% or $6.42 on its low of $57.32 reached on 07/26/23. The company’s shares have touched a 52-week low of $47.47 and high of $79.26, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, STX has achieved 25.50% or $13.42 and has reached a new high 12 times. However, the current price is down -16.70% from the 52-week high price.
Insider Transactions
STX stock investors last saw insider trading activity on May 26.SCHUELKE KATHERINE (SVP, CLO & Corporate Secretary) most recently sold 3,487 shares at $62.09 per share on May 26. This transaction cost the insider $216,508. EVP, Operations and Technology, Nygaard Jeffrey D., sold 36,809 shares at a price of $69.14 on Feb 01.
Valuation Metrics
STX stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.87 while the price to cash flow ratio at 22.07.
Seagate Technology Holdings plc’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.10. In terms of profitability, the gross margin trailing 12 months is 18.30%. The trailing 12-month EBITDA margin is 7.76% while for the period ending June 29, Seagate Technology Holdings plc’s operating margin was -2.10%. The firm’s gross profit as reported stood at $1.35 billion against revenue of $7.38 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 400.0% to -$92.0 million, while revenue of -$433.0 million was -370.65% off the previous quarter. Analysts expected STX to announce -$0.25 per share in earnings in its latest quarter, but it posted -$0.18, representing a 28.00% surprise. EBITDA for the quarter stood at more than $130.0 million. STX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.76 billion, with total debt at $5.83 billion. Shareholders hold equity totaling $207.39 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 21 August was 55.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.03%.
The stock’s 5-day moving average is $65.00, reflecting a +0.81% or $0.53 change from its current price. STX is currently trading +13.38% above its 20-day SMA, +3.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.44% and SMA200 by+33.42%.
Stochastic %K and %D was 31.25% and 28.29% and the average true range (ATR) pointed at 1.63. The RSI (14) points at 55.74%, while the 14-day stochastic is at 41.41% with the period’s ATR at 1.70. The stock’s 9-day MACD Oscillator is pointing at -0.52 and -1.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Seagate Technology Holdings plc (NASDAQ: STX), Summit Insights downgraded it to a Sell rating. They previously had a Buy 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 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 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 $40.00 and a high of $80.00, with their median price target at $65.00. Looking at these predictions, the average price target given by analysts is for Seagate Technology Holdings plc (STX) stock is $63.47.
