A share price of ST Microelectronics [STM] is currently trading at $47.17, up 3.40%. 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 STM shares have gain 5.41% over the last week, with a monthly amount glided 6.91%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, STMicroelectronics Announces Status of Common Share Repurchase Program. In a post published today on Yahoo Finance, STMicroelectronics Announces Status ofCommon Share Repurchase Program.
From an analyst’s perspective:
Previously, Craig Hallum reaffirmed its Buy rating on January 25, 2024, and dropped its price target to $48. On December 15, 2023, upgrade upgraded it’s rating to Buy. Morgan Stanley upgraded its rating to a Overweight. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $35 on October 31, 2023. Jefferies upgraded its rating to Hold for this stock on July 12, 2023. In a note dated January 19, 2023, Bernstein initiated an Outperform rating.
ST Microelectronics experienced fluctuations in its stock price throughout the past year between $37.21 and $55.85. Currently, Wall Street analysts expect the stock to reach $50 within the next 12 months. ST Microelectronics [NYSE: STM] shares were valued at $47.17 at the most recent close of the market. An investor can expect a potential return of 6.0% based on the average STM price forecast.
Analyzing the STM fundamentals
Trailing Twelve Months sales for ST Microelectronics [NYSE:STM] were 17.29B which represents -3.21% decline. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.28 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 46.36 points at the first support level, and at 45.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.66, and for the 2nd resistance point, it is at 48.15.
ST Microelectronics [STM] reported earnings per share of $1.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.95/share, meaning a difference of $0.19 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.16 per share as compared to estimates of $1.09 per share, a difference of $0.07 representing a surprise of 6.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ST Microelectronics [NYSE:STM] is 3.17. Further, the Quick Ratio stands at 2.44, while the Cash Ratio is 0.86. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 2.55 and price to earnings (TTM) ratio is 10.58.
