ST Microelectronics (STM) concluded trading on Wednesday at a closing price of $25.87, with 4.99 million shares of worth about $129.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.63% during that period and on November 13, 2024 the price saw a loss of about -4.71%. Currently the company’s common shares owned by public are about 902.77M shares, out of which, 893.03M shares are available for trading.
Stock saw a price change of -2.38% in past 5 days and over the past one month there was a price change of -3.76%. Year-to-date (YTD), STM shares are showing a performance of -48.39% which decreased to -37.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.95 but also hit the highest price of $51.27 during that period. The average intraday trading volume for ST Microelectronics shares is 4.76 million. The stock is currently trading -5.29% below its 20-day simple moving average (SMA20), while that difference is down -7.47% for SMA50 and it goes to -30.72% lower than SMA200.
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ST Microelectronics (NYSE: STM) currently have 902.77M outstanding shares and institutions hold larger chunk of about 7.52% of that.
The stock has a current market capitalization of $23.10B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 10.63, while it has posted earnings per share of $2.43 in the same period. Its PEG reads 0.53 and has Quick Ratio of 2.16 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 1.84% while standing at 2.02% over the month.
Stock’s fiscal year EPS is expected to drop by -63.17% while it is estimated to decrease by -15.11% 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.
Coverage by TD Cowen stated ST Microelectronics (STM) stock as a Buy in their note to investors on July 26, 2024, suggesting a price target of $40 for the stock. On July 26, 2024, Morgan Stanley Downgrade their recommendations, while on June 18, 2024, Goldman Upgrade their ratings for the stock with a price target of $45.80. Stock get a Buy rating from Berenberg on April 23, 2024.
