The stock of Seagate Technology Holdings plc (NASDAQ:STX) increased by $0.33 on Tuesday to finish at $66.40, up 0.51 percent. The last five days have seen an average of 1,539,540 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $13.79. The average number of shares traded over the last 20 days was 2,018,470, while the average volume over the last 50 days totaled 2,105,826.
STX stock appreciated 4.57% since last month. On 08/01/23, the company’s shares reached a one-month low of $63.08. The stock touched a high of $74.96 on 02/02/23, after rallying from a low of $47.47 in 52 weeks. The price of STX stock has risen by 26.21% or $13.79 this year, reaching a new high 12 times. Still, the stock price is down -11.42% 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 96 days ago on May 26. On May 26, SVP, CLO & Corporate Secretary SCHUELKE KATHERINE sold 3,487 shares at $62.09 each. This transaction resulted in the insider making $216,508. On Feb 01, Nygaard Jeffrey D. sold 36,809 shares at a price of US$69.14. After the transaction, the insider now owns 30,360 shares.
Valuation Metrics
Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.88, and the price-to-cash flow ratio of 22.16.
Company paid $0.70 per share in dividends, remained unchanged from $0.70 last year. A $0.03 dividend increase was reported on Friday October 22 2021.
Financial Health
For the three months ended June 29, Seagate Technology Holdings plc’s quick ratio was 0.70, while its current ratio was 1.10, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 18.30% percent. Seagate Technology Holdings plc’s EBITDA margin for the year ended June 29 was 7.76%, whereas its operating margin stood at -2.10% for the same period. Based on annual data, it had gross profit of $1.35 billion and revenue of $7.38 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STX’s return on assets (ROA) during the last 12 months has been -6.60%. There was a -4.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 70.00%.
Earnings Surprise
According to Seagate Technology Holdings plc’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.6 billion, while revenues fell by -64.04% to $1.86 billion. It was predicted that Seagate Technology Holdings plc’s quarterly earnings would be -$0.18, but it ended up being -$0.25, beating the consensus by 28.00%. EBITDA was $130.0 million for the quarter. At the end of Seagate Technology Holdings plc’s most recent quarter ended June 29, its liabilities totaled 8.76 billion, while its total debt was $5.83 billion. Equity owned by shareholders amounts to $207.39 million.
Technical Picture
Here’s a quick look at Seagate Technology Holdings plc’s (STX) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 57.02%, suggesting the stock is Neutral, with a 20.51% historical volatility rate.
The stochastic %K and %D were 44.35% and 34.66% respectively, while the average true range (ATR) was 1.55. Based on the 14-day stochastic reading of 60.59%, the RSI (14) reading is 56.33%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at -0.09.
Analyst Ratings
Seagate Technology Holdings plc (NASDAQ: STX) was downgraded by Summit Insights to a a Sell rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Seagate Technology Holdings plc (STX) an Overweight rating. STX is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is STX’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $80.00, with a median target price of $65.00. In analyzing these forecasts, the average price target given by analysts for Seagate Technology Holdings plc (STX) is $63.47.
