Seagate Technology Holdings plc’s stock (STX) continues to rise above its goal

Seagate Technology Holdings plc [STX] stock is trading at $63.23, up 6.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The STX shares have gain 10.43% over the last week, with a monthly amount glided 23.97%, and seem to be holding up well over a long-time horizon.

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On 23, January 2023, Seagate Reports on Progress Towards Global Diversity, Equity, and Inclusion Objectives. In a post published today on Yahoo Finance, Seagate Technology Holdings plc (NASDAQ: STX), a world leader in data storage infrastructure solutions, today shared the company’s fourth annual Diversity, Equity, and Inclusion (DEI) Report titled “Crafting an Inclusive Datasphere,” covering fiscal year 2022.

From an analyst’s perspective:

Seagate Technology Holdings plc [NASDAQ: STX] stock has seen the most recent analyst activity on January 23, 2023, when Barclays upgraded its rating to a Overweight and also boosted its price target to $70 from $50. Previously, Morgan Stanley upgraded its rating to Overweight on January 18, 2023, and elevated its price target to $69. On October 27, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $55 on the stock. Exane BNP Paribas started tracking the stock assigning a Neutral rating and suggested a price target of $70 on September 13, 2022. The Benchmark Company downgraded its rating to a Hold. Credit Suisse started tracking with a Neutral rating for this stock on August 17, 2022, and assigned it a price target of $80. In a note dated July 22, 2022, Summit Insights downgraded an Hold rating on this stock.

Seagate Technology Holdings plc [STX] stock has fluctuated between $47.47 and $117.03 over the past year. Currently, Wall Street analysts expect the stock to reach $59.83 within the next 12 months. Seagate Technology Holdings plc [NASDAQ: STX] shares were valued at $63.23 at the most recent close of the market. An investor can expect a potential drop of -5.38% based on the average STX price forecast.

Analyzing the STX fundamentals

Seagate Technology Holdings plc [NASDAQ:STX] reported sales of 2.04 billion for the most recent quarter, which represents a drop of -34.70%. Gross Margin for this corporation currently stands at +29.75% with Operating Margin at +17.04%, Pretax Margin comes in at +14.40%, and Net Margin reading is +14.14%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.23 points at the first support level, and at 59.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.48, and for the 2nd resistance point, it is at 65.74.

Seagate Technology Holdings plc [STX] reported earnings per share of $0.48 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.76/share, meaning a difference of -$0.28 and a surprise factor of -36.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.59 per share as compared to estimates of $1.88 per share, a difference of -$0.29 representing a surprise of -15.40%.

Ratios To Look Out For

For context, Seagate Technology Holdings plc’s Current Ratio is 1.20. Further, the Quick Ratio stands at 0.69, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 133.01 and the P/E (TTM) ratio is 12.19.

Transactions by insiders

Recent insider trading involved LUCZO STEPHEN J, Director, that happened on Mar 04 when 50000.0 shares were sold. EVP & CFO, Romano Gianluca completed a deal on Feb 22 to sell 20495.0 shares. Meanwhile, Director ValueAct Holdings, L.P. sold 0.27 million shares on Feb 22.