Seagate Technology Holdings Plc [STX] stock prices are up 0.60% to $90.05 at the moment. 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 4.94% over the last week, with a monthly amount glided 0.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Seagate Technology Holdings Plc [NASDAQ: STX] stock has seen the most recent analyst activity on May 01, 2024, when Wedbush upgraded its rating to a Outperform but kept the price target unchanged to $100 for it. Previously, Morgan Stanley upgraded its rating to Overweight on March 26, 2024, and elevated its price target to $115. On February 27, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $110 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $110 on January 25, 2024. Cantor Fitzgerald initiated its recommendation with a Neutral and recommended $90 as its price target on January 23, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on January 11, 2024, but kept the price target unchanged to $65. In a note dated October 27, 2023, UBS reiterated an Neutral rating on this stock and boosted its target price from $60 to $70.
The stock price of Seagate Technology Holdings Plc [STX] has been fluctuating between $55.11 and $101.26 over the past year. Currently, Wall Street analysts expect the stock to reach $101.24 within the next 12 months. Seagate Technology Holdings Plc [NASDAQ: STX] shares were valued at $90.05 at the most recent close of the market. An investor can expect a potential return of 12.43% based on the average STX price forecast.
Analyzing the STX fundamentals
The Seagate Technology Holdings Plc [NASDAQ:STX] reported sales of 6.27B for trailing twelve months, representing a drop of -11.02%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.16 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.0.
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 89.14 points at the first support level, and at 88.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.57, and for the 2nd resistance point, it is at 91.10.
Ratios To Look Out For
It’s worth pointing out that Seagate Technology Holdings Plc [NASDAQ:STX]’s Current Ratio is 0.85. Further, the Quick Ratio stands at 0.47, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 3.02.
Transactions by insiders
Recent insider trading involved Morris John Christopher, SVP, HDD & SDD Products & CTO, that happened on May 07 ’24 when 11158.0 shares were sold. Chief Executive Officer, MOSLEY WILLIAM D completed a deal on Mar 09 ’24 to sell 1000.0 shares. Meanwhile, EVP & CFO Romano Gianluca sold 485.0 shares on Mar 09 ’24.
