ST Microelectronics (STM) concluded trading on Wednesday at a closing price of $27.90, with 5.21 million shares of worth about $145.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.79% during that period and on October 23, 2024 the price saw a gain of about 0.79%. Currently the company’s common shares owned by public are about 902.77M shares, out of which, 894.71M shares are available for trading.
Stock saw a price change of 2.35% in past 5 days and over the past one month there was a price change of -1.90%. Year-to-date (YTD), STM shares are showing a performance of -44.34% which decreased to -29.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.62 but also hit the highest price of $51.27 during that period. The average intraday trading volume for ST Microelectronics shares is 4.75 million. The stock is currently trading -1.26% below its 20-day simple moving average (SMA20), while that difference is down -3.99% for SMA50 and it goes to -27.81% lower than SMA200.
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ST Microelectronics (NYSE: STM) currently have 902.77M outstanding shares and institutions hold larger chunk of about 7.07% of that.
The stock has a current market capitalization of $24.96B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 8.68, while it has posted earnings per share of $3.22 in the same period. Its PEG reads 0.43 and has Quick Ratio of 2.56 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 1.80% while standing at 2.11% over the month.
Stock’s fiscal year EPS is expected to drop by -63.55% while it is estimated to increase by 29.09% in next year. EPS is likely to shrink at an annualized rate of 20.00% 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 TD Cowen on July 26, 2024 offering a Buy rating for the stock and assigned a target price range of between $50 and $40 to it. Stock get a Buy rating from HSBC Securities on February 22, 2024.
