Seagate Technology Holdings plc (NASDAQ: STX) is 20.19% higher on its value in year-to-date trading and has touched a low of $47.47 and a high of $117.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STX stock was last observed hovering at around $59.34 in the last trading session, with the day’s gains setting it 3.89% off its average median price target of $60.00 for the next 12 months. It is also 9.67% off the consensus price target high of $70.00 offered by 24 analysts, but current levels are -80.66% lower than the price target low of $35.00 for the same period.
Currently trading at $63.23, the stock is 15.94% and 17.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.09 million and changing 6.56% at the moment leaves the stock -6.75% off its SMA200. STX registered -37.04% loss for a year compared to 6-month loss of -17.70%.
The stock witnessed a 23.97% gain in the last 1 month and extending the period to 3 months gives it a 19.23%, and is 10.43% 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 3.80% over the week and 3.30% over the month.
Seagate Technology Holdings plc (STX) has around 40000 employees, a market worth around $12.80B and $10.58B in sales. Current P/E ratio is 12.19 and Fwd P/E is 12.86. Profit margin for the company is 10.90%. Distance from 52-week low is 33.20% and -45.97% 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 “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.60, where 15 rate it as a Hold and 1 think it is a “Overweight”. 7 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 04/26/2023.The EPS is expected to grow by 37.30% this year.
Seagate Technology Holdings plc (STX) Top Institutional Holders
The shares outstanding are 208.00M, and float is at 205.30M with Short Float at 4.92%.
Seagate Technology Holdings plc (STX) Insider Activity
A total of 88 insider transactions have happened at Seagate Technology Holdings plc (STX) in the last six months, with sales accounting for 40 and purchases happening 48 times. The most recent transaction is an insider sale by LUCZO STEPHEN J,the company’sDirector. 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 Romano Gianluca (EVP & CFO) sold a total of 20,495 shares of the company’s common stock. The trade occurred on Feb 22 and was made at $107.36 per share for $2.2 million. Following the transaction, the insider now directly holds 19391.0 shares of the STX stock.
Still, SEC filings show that on Feb 22, ValueAct Holdings, L.P. (Director) disposed off 272,297 shares at an average price of $108.01 for $29.41 million. The insider now directly holds 13,437,070 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 -23.68% down over the past 12 months and Western Digital Corporation (WDC) that is -30.26% lower over the same period. Pure Storage Inc. (PSTG) is 5.46% up on the 1-year trading charts.