Seagate Technology Holdings plc (NASDAQ: STX) is -51.49% lower on its value in year-to-date trading and has touched a low of $47.47 and a high of $117.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STX stock was last observed hovering at around $54.11 in the last trading session, with the day’s gains setting it 0.7%.
Currently trading at $54.81, the stock is 3.72% and -0.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 1.29% at the moment leaves the stock -28.38% off its SMA200. STX registered -46.04% loss for a year compared to 6-month loss of -33.69%.
The stock witnessed a -5.50% gain in the last 1 month and extending the period to 3 months gives it a -30.83%, and is 1.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 3.79% over the month.
Seagate Technology Holdings plc (STX) has around 40000 employees, a market worth around $11.28B and $10.58B in sales. Current P/E ratio is 10.56 and Fwd P/E is 10.53. Profit margin for the company is 17.50%. Distance from 52-week low is 15.46% and -53.42% from its 52-week high. The company has generated returns on investments over the last 12 months (33.40%).
Seagate Technology Holdings plc (STX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Seagate Technology Holdings plc (STX) is a “Hold”. 25 analysts offering their recommendations for the stock have an average rating of 2.70, where 17 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Seagate Technology Holdings plc is expected to release its quarterly report on 01/25/2023.The EPS is expected to grow by 37.30% this year
Seagate Technology Holdings plc (STX) Top Institutional Holders
The shares outstanding are 214.00M, and float is at 205.30M with Short Float at 5.45%.
Seagate Technology Holdings plc (STX) Insider Activity
A total of 66 insider transactions have happened at Seagate Technology Holdings plc (STX) in the last six months, with sales accounting for 29 and purchases happening 37 times. The most recent transaction is an insider sale by LUCZO STEPHEN J, the company’s Director. SEC filings show that LUCZO STEPHEN J sold 50,000 shares of the company’s common stock on Mar 04 at a price of $103.26 per share for a total of $5.16 million. Following the sale, the insider now owns 0.23 million shares.
Seagate Technology Holdings plc disclosed in a document filed with the SEC on Feb 22 that ValueAct Holdings, L.P. (Director) sold a total of 272,297 shares of the company’s common stock. The trade occurred on Feb 22 and was made at $108.01 per share for $29.41 million. Following the transaction, the insider now directly holds 13.44 million shares of the STX stock.
Still, SEC filings show that on Feb 22, Romano Gianluca (EVP & CFO) disposed off 20,495 shares at an average price of $107.36 for $2.2 million. The insider now directly holds 19,391 shares of Seagate Technology Holdings plc (STX).
Seagate Technology Holdings plc (STX): Who are the competitors?
The company’s main competitors (and peers) include NetApp Inc. (NTAP) that is trading -13.95% down over the past 12 months and Western Digital Corporation (WDC) that is -38.87% lower over the same period. Pure Storage Inc. (PSTG) is 12.21% up on the 1-year trading charts.