Seagate Technology Holdings Plc (NASDAQ:STX) finished Wednesday with an addition of $0.87 to close at $64.29, an upside of 1.37 percent. An average of 2,014,600 shares of common stock have been traded in the last five days. There was a fall of -$1.34 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 3,610,920 shares traded, while the 50-day average volume stands at 2,903,168.
STX stock has decreased by -2.69% in the last month. The company shares reached their 1-month lowest point of $62.43 on 09/13/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $47.47 and a high of $74.51 in 52 weeks. It has reached a new high 13 times so far this year and achieved 22.20% or $11.68 in price. In spite of this, the price is down -13.72% from the 52-week high.
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Insider Transactions
STX stock investors should be aware that Seagate Technology Holdings Plc (STX) stock had its last reported insider trading activity 10 days ago on Sep 18. In this transaction, the insider spent $151,051. SVP, CLO & Corporate Secretary, SCHUELKE KATHERINE, disposed of 7,832 shares at a price of $63.10 on Sep 13. The insider now owns more than $494,162 worth of shares. Prior to that, Chief Executive Officer MOSLEY WILLIAM D went on to Sale 98,860 shares at $72.97 each on Sep 01. An amount of $7,214,240 was transacted.
Valuation Metrics
Seagate Technology Holdings Plc (STX) stock’s beta is 1.11. 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 21.35.
The company has a payout ratio of 37.63%. The company’s most recent quarterly dividend payment was $0.70 a share, without any change from last year. Its latest increase dividend $0.03 reported on Friday October 22 2021.
Financial Health
The quick ratio of Seagate Technology Holdings Plc for the three months ended June 29 was 0.68, and the current ratio was 1.12, 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 0.73%. 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 27 September was 45.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.41%.
As of today, STX’s price is $64.70 -2.04% or -$1.34 from its 5-day moving average. STX is currently trading -3.18% lower than its 20-day SMA and +16.64% higher than its 100-day SMA. However, the stock’s current price level is +4.72% above the SMA50 and +18.12% above the SMA200.
The stochastic %K and %D were 27.31% and 25.51%, respectively, and the average true range (ATR) was 1.95. With the 14-day stochastic at 40.66% and the average true range at 1.99, the RSI (14) stands at 46.98%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Analyst Ratings
Barclays downgraded Seagate Technology Holdings Plc (NASDAQ: STX) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. 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 1 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 $64.28.
