Currently, there are 902.77M common shares owned by the public and among those 894.71M shares have been available to trade.
The company’s stock has a 5-day price change of -3.97% and -34.60% over the past three months. STM shares are trading -46.38% year to date (YTD), with the 12-month market performance down to -37.33% lower. It has a 12-month low price of $27.44 and touched a high of $51.27 over the same period. STM has an average intraday trading volume of 4.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.48%, -8.11%, and -31.46% respectively.
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Institutional ownership of ST Microelectronics (NYSE: STM) shares accounts for 7.06% of the company’s 902.77M shares outstanding.
It has a market capitalization of $24.05B and a beta (3y monthly) value of 1.57. The stock’s trailing 12-month PE ratio is 8.36, while the earnings-per-share (ttm) stands at $3.22. The company has a PEG of 0.42 and a Quick Ratio of 2.56 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 2.21% over the month.
Earnings per share for the fiscal year are expected to decrease by -63.43%, and 30.22% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 25.53% over the past 5-year period.
Looking at the support for the STM, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on July 26, 2024, with the firm’s price target at $50-$40. HSBC Securities on their part issued Buy rating on February 22, 2024.
