ST Microelectronics (NYSE: STM) Stock In Prove Me State

ST Microelectronics (STM) concluded trading on Wednesday at a closing price of $42.54, with 3.12 million shares of worth about $132.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.35% during that period and on April 3, 2024 the price saw a gain of about 1.41%. Currently the company’s common shares owned by public are about 902.77M shares, out of which, 894.26M shares are available for trading.

Stock saw a price change of -1.12% in past 5 days and over the past one month there was a price change of -8.63%. Year-to-date (YTD), STM shares are showing a performance of -15.14% which decreased to -20.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.21 but also hit the highest price of $55.85 during that period. The average intraday trading volume for ST Microelectronics shares is 3.63 million. The stock is currently trading -5.58% below its 20-day simple moving average (SMA20), while that difference is down -5.70% for SMA50 and it goes to -7.49% lower than SMA200.

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ST Microelectronics (NYSE: STM) currently have 902.77M outstanding shares and institutions hold larger chunk of about 5.22% of that.

The stock has a current market capitalization of $38.04B and its 3Y-monthly beta is at 1.66. PE ratio of stock for trailing 12 months is 9.54, while it has posted earnings per share of $4.46 in the same period. Its PEG reads 1.91 and has Quick Ratio of 2.44 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STM, volatility over the week remained 1.85% while standing at 2.14% over the month.

Analysts are in expectations that ST Microelectronics (STM) stock would likely to be making an EPS of $0.59 in the current quarter, while forecast for next quarter EPS is $0.66 and it is $3.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.55 which is $0.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.35% while it is estimated to increase by 25.25% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 25.53% made by the stock over the past 5-years.

Coverage by Craig Hallum stated ST Microelectronics (STM) stock as a Buy in their note to investors on January 25, 2024, suggesting a price target of $48 for the stock. Stock get a Neutral rating from Robert W. Baird on October 31, 2023.

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