A share price of Seagate Technology Holdings Plc [STX] is currently trading at $94.72, up 7.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The STX shares have gain 9.41% over the last week, with a monthly amount glided 6.84%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Seagate Launches New E-commerce Website in the United States. In a post published today on Yahoo Finance, Seagate Technology plc (NASDAQ: STX), the leading innovator of mass-capacity storage solutions, today announced the launch of its new e-commerce website in the United States. Seagate’s industry-leading storage products can now be purchased directly from www.seagate.com with access to exclusive promotions, support, live chat customer support, and peace of mind with genuine Seagate products.
From an analyst’s perspective:
Seagate Technology Holdings Plc [NASDAQ: STX] stock has seen the most recent analyst activity on March 26, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $115 from $73. Previously, Evercore ISI started tracking the stock with Outperform rating on February 27, 2024, and set its price target to $110. On January 25, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $110 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $90 on January 23, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $65 remained the price target by the analyst firm on January 11, 2024. UBS reiterated a Neutral rating for this stock on October 27, 2023, and upped its price target to $70. In a note dated October 27, 2023, Rosenblatt reiterated an Buy rating on this stock and boosted its target price from $68 to $78.
Seagate Technology Holdings Plc experienced fluctuations in its stock price throughout the past year between $54.32 and $101.26. Currently, Wall Street analysts expect the stock to reach $98.59 within the next 12 months. Seagate Technology Holdings Plc [NASDAQ: STX] shares were valued at $94.72 at the most recent close of the market. An investor can expect a potential return of 4.09% based on the average STX price forecast.
Analyzing the STX fundamentals
Trailing Twelve Months sales for Seagate Technology Holdings Plc [NASDAQ:STX] were 6.47B which represents -17.59% decline. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is 0.51 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.13.
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 92.34 points at the first support level, and at 89.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.53, and for the 2nd resistance point, it is at 100.33.
Seagate Technology Holdings Plc [STX] reported earnings per share of $0.12 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 -$0.06/share, meaning a difference of $0.18 and a surprise factor of 300.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.22 per share as compared to estimates of -$0.21 per share, a difference of $-0.01 representing a surprise of -4.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Seagate Technology Holdings Plc [NASDAQ:STX] is 1.04. In addition, the Quick Ratio stands at 0.62 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 3.07.
Transactions by insiders
Recent insider trading involved MOSLEY WILLIAM D, Chief Executive Officer, that happened on Mar 09 ’24 when 1000.0 shares were sold. EVP & CFO, Romano Gianluca completed a deal on Mar 09 ’24 to sell 485.0 shares. Meanwhile, SVP, HDD & SDD Products & CTO Morris John Christopher sold 180.0 shares on Mar 09 ’24.
