A share price of ST Microelectronics [STM] is currently trading at $29.48, up 4.91%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The STM shares have gain 1.69% over the last week, with a monthly amount drifted -6.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ST Microelectronics [NYSE: STM] stock has seen the most recent analyst activity on July 26, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $40 from $50. Previously, Morgan Stanley downgraded its rating to Equal-Weight on July 26, 2024. On June 18, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $45.80 on the stock. Berenberg upgraded its rating to a Buy. HSBC Securities initiated its recommendation with a Buy. Craig Hallum reiterated a Buy rating for this stock on January 25, 2024, and downed its price target to $48. In a note dated December 15, 2023, UBS upgraded an Buy rating on this stock.
ST Microelectronics experienced fluctuations in its stock price throughout the past year between $27.44 and $51.27. Currently, Wall Street analysts expect the stock to reach $50.7 within the next 12 months. ST Microelectronics [NYSE: STM] shares were valued at $29.48 at the most recent close of the market. An investor can expect a potential return of 71.98% based on the average STM price forecast.
Analyzing the STM fundamentals
Trailing Twelve Months sales for ST Microelectronics [NYSE:STM] were 15.41B which represents -25.29% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.18 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 28.95 points at the first support level, and at 28.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.81, and for the 2nd resistance point, it is at 30.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ST Microelectronics [NYSE:STM] is 3.35. As well, the Quick Ratio is 2.56, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 9.17.
