The stock of STMicroelectronics N.V. (NYSE:STM) decreased by -$0.06 on Tuesday to finish at $43.34, down -0.14 percent. The last five days have seen an average of 2,768,860 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $7.77. The average number of shares traded over the last 20 days was 2,809,850, while the average volume over the last 50 days totaled 3,045,996.
STM stock dropped -6.01% since last month. On 09/18/23, the company’s shares reached a one-month low of $42.90. The stock touched a high of $55.85 on 07/27/23, after rallying from a low of $29.09 in 52 weeks. The price of STM stock has risen by 21.84% or $7.77 this year, reaching a new high 22 times. Still, the stock price is down -22.40% from the 52-week high.
Valuation Metrics
STMicroelectronics N.V. (STM) has a trailing price-to-earnings (P/E) ratio of 9.33. Beta for the stock is 1.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.33, the price-to-book (PB) ratio of 2.82, and the price-to-cash flow ratio of 22.57.
Company paid $0.06 per share in dividends, remained unchanged from $0.06 last year. A $0.0090 dividend increase was reported on Thursday March 24 2022.
Financial Health
For the three months ended June 29, STMicroelectronics N.V.’s quick ratio was 1.90, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.17, and the total debt to equity ratio is 0.18. As far as profitability goes, gross margin for the trailing twelve months is 48.40% percent. STMicroelectronics N.V.’s EBITDA margin for the year ended June 29 was 34.64%, whereas its operating margin stood at 28.30% for the same period. Based on annual data, it had gross profit of $7.63 billion and revenue of $16.13 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STM’s return on assets (ROA) during the last 12 months has been 21.60%. There was a 25.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 33.80%.
Earnings Surprise
According to STMicroelectronics N.V.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.13 billion, while revenues rose by 20.88% to $0.0. It was predicted that STMicroelectronics N.V.’s quarterly earnings would be $1.06, but it ended up being $1.08, beating the consensus by -1.90%. EBITDA was $1.53 billion for the quarter. At the end of STMicroelectronics N.V.’s most recent quarter ended June 29, its liabilities totaled 7.33 billion, while its total debt was $2.86 billion.
Technical Picture
Here’s a quick look at STMicroelectronics N.V.’s (STM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 28.32%, suggesting the stock is oversold, with a 23.32% historical volatility rate.
The stochastic %K and %D were 7.65% and 12.01% respectively, while the average true range (ATR) was 0.94. Based on the 14-day stochastic reading of 8.76%, the RSI (14) reading is 32.27%. On the 9-day MACD Oscillator, the stock is at -0.53, and the 14-day reading is at -1.57.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on STMicroelectronics N.V. (NYSE: STM) to a Hold. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned STMicroelectronics N.V. (STM) an Overweight rating. STM is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 10 others recommend it as a buy.
What is STM’s price target for the next 12 months?
The current consensus forecast for the stock is between $37.37 and $84.63, with a median target price of $62.00. In analyzing these forecasts, the average price target given by analysts for STMicroelectronics N.V. (STM) is $61.21.
