ST Microelectronics (STM) concluded trading on Wednesday at a closing price of $41.29, with 2.04 million shares of worth about $84.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.60% during that period and on Wednesday the price saw a gain of about 2.28%. Currently the company’s common shares owned by public are about 902.77M shares, out of which, 892.33M shares are available for trading.
Stock saw a price change of 3.80% in past 5 days and over the past one month there was a price change of -1.62%. Year-to-date (YTD), STM shares are showing a performance of -17.63% which decreased to -17.86% 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 3.28 million. The stock is currently trading -2.00% below its 20-day simple moving average (SMA20), while that difference is down -0.44% for SMA50 and it goes to -5.51% lower than SMA200.
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ST Microelectronics (NYSE: STM) currently have 902.77M outstanding shares and institutions hold larger chunk of about 6.78% of that.
The stock has a current market capitalization of $36.84B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 10.59, while it has posted earnings per share of $3.90 in the same period. It has Quick Ratio of 2.58 while making debt-to-equity ratio of 0.18. 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 2.13% while standing at 1.85% over the month.
Stock’s fiscal year EPS is expected to drop by -52.05% while it is estimated to increase by 42.10% in next year. EPS is likely to shrink at an annualized rate of -1.30% for next 5-years, compared to annual growth of 25.53% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $35.50 and $45.80 to it. On February 22, 2024, HSBC Securities Initiated their recommendations, while on January 25, 2024, Craig Hallum Reiterated their ratings for the stock with a price target of $48. Stock get a Buy rating from UBS on December 15, 2023.
