Seagate Technology Holdings plc (NASDAQ:STX) finished Thursday with a subtraction of -$0.86 to close at $64.04, a downside of -1.33 percent. An average of 1,376,970 shares of common stock have been traded in the last five days. There was a fall of -$0.69 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,120,548 shares traded, while the 50-day average volume stands at 2,163,253.
STX stock has increased by 3.04% in the last month. The company shares reached their 1-month lowest point of $57.32 on 07/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $47.47 and a high of $79.26 in 52 weeks. It has reached a new high 12 times so far this year and achieved 21.73% or $11.05 in price. In spite of this, the price is down -19.20% from the 52-week high.
Insider Transactions
STX stock investors should be aware that Seagate Technology Holdings plc (STX) stock had its last reported insider trading activity 91 days ago on May 26. In this transaction, the insider spent $216,508. EVP, Operations and Technology, Nygaard Jeffrey D., disposed of 36,809 shares at a price of $69.14 on Feb 01. The insider now owns more than $2,544,867 worth of shares.
Valuation Metrics
Seagate Technology Holdings plc (STX) stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.81, and the price-to-cash flow ratio at 21.41.
Financial Health
The quick ratio of Seagate Technology Holdings plc for the three months ended June 29 was 0.70, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Seagate Technology Holdings plc’s EBITDA margin for the year ending June 29 is 7.76%, while its operating margin for the same period stands at -2.10%. Its gross profit as reported stood at $1.35 billion compared to revenue of $7.38 billion.
Earnings Surprise
For the three-month period that ended June 29, Seagate Technology Holdings plc had $5.39 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 -$92.0 million in the quarter, while revenues were grew 400.0%. The analyst consensus anticipated Seagate Technology Holdings plc’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.18, a 28.00% surprise. For the quarter, EBITDA amounted to $130.0 million. Shareholders own equity worth $207.39 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 24 August was 41.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.75%.
As of today, STX’s price is $65.22 -1.07% or -$0.69 from its 5-day moving average. STX is currently trading +0.33% higher than its 20-day SMA and -3.18% lower than its 100-day SMA. However, the stock’s current price level is -2.50% below the SMA50 and +21.10% above the SMA200.
The stochastic %K and %D were 22.90% and 32.02%, respectively, and the average true range (ATR) was 1.59. With the 14-day stochastic at 3.12% and the average true range at 1.65, the RSI (14) stands at 46.42%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.87.
Analyst Ratings
Summit Insights downgraded Seagate Technology Holdings plc (NASDAQ: STX) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Seagate Technology Holdings plc (STX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell STX, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is STX’s price target for the next 12 months?
Analysts predict a range of price targets between $40.00 and $80.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for Seagate Technology Holdings plc (STX) stock is $63.47.
