Seagate Technology Holdings Plc (STX) concluded trading on Wednesday at a closing price of $103.52, with 8.76 million shares of worth about $907.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.84% during that period and on October 23, 2024 the price saw a loss of about -8.10%. Currently the company’s common shares owned by public are about 210.18M shares, out of which, 209.52M shares are available for trading.
Stock saw a price change of -7.35% in past 5 days and over the past one month there was a price change of -2.92%. Year-to-date (YTD), STX shares are showing a performance of 21.26% which increased to 58.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.12 but also hit the highest price of $115.32 during that period. The average intraday trading volume for Seagate Technology Holdings Plc shares is 2.32 million. The stock is currently trading -5.51% below its 20-day simple moving average (SMA20), while that difference is down -1.40% for SMA50 and it goes to 7.56% higher than SMA200.
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Seagate Technology Holdings Plc (NASDAQ: STX) currently have 210.18M outstanding shares and institutions hold larger chunk of about 89.91% of that.
The stock has a current market capitalization of $21.79B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 27.08, while it has posted earnings per share of $3.82 in the same period. Its PEG reads 0.50 and has Quick Ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STX, volatility over the week remained 2.84% while standing at 2.50% over the month.
Analysts are in expectations that Seagate Technology Holdings Plc (STX) stock would likely to be making an EPS of 1.73 in the current quarter, while forecast for next quarter EPS is 1.87 and it is 9.22 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.44 which is 2.33 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 0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 474.78% while it is estimated to increase by 28.01% in next year. EPS is likely to grow at an annualized rate of 53.81% for next 5-years, compared to annual growth of -25.87% 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 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $110 and $135 to it. Coverage by BofA Securities stated Seagate Technology Holdings Plc (STX) stock as a Buy in their note to investors on June 05, 2024, suggesting a price target of $110 for the stock. On May 14, 2024, Citigroup Initiated their recommendations, while on May 01, 2024, Wedbush Upgrade their ratings for the stock with a price target of $100. Stock get an Overweight rating from Morgan Stanley on March 26, 2024.
