STMicroelectronics N.V. (NYSE: STM) is 20.86% higher on its value in year-to-date trading and has touched a low of $28.35 and a high of $47.55 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 STM stock was last observed hovering at around $41.79 in the last trading session, with the day’s gains setting it 1.2% off its average median price target of $49.37 for the next 12 months. It is also 44.1% off the consensus price target high of $76.90 offered by 25 analysts, but current levels are -66.95% lower than the price target low of $25.75 for the same period.
Currently trading at $42.99, the stock is 12.34% and 13.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.84 million and changing 2.87% at the moment leaves the stock 19.26% off its SMA200. STM registered -5.02% loss for a year compared to 6-month gain of 23.82%.
The stock witnessed a 17.23% loss in the last 1 month and extending the period to 3 months gives it a 33.30%, and is 4.50% 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 2.36% over the week and 2.49% over the month.
STMicroelectronics N.V. (STM) has around 48254 employees, a market worth around $38.61B and $15.26B in sales. Current P/E ratio is 11.68 and Fwd P/E is 11.62. Profit margin for the company is 22.70%. Distance from 52-week low is 51.64% and -9.59% from its 52-week high. The company has generated returns on investments over the last 12 months (17.70%).
STMicroelectronics N.V. (STM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for STMicroelectronics N.V. (STM) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 5 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
STMicroelectronics N.V. is expected to release its quarterly report on 04/26/2023.The EPS is expected to grow by 79.30% this year.
STMicroelectronics N.V. (STM) Top Institutional Holders
The shares outstanding are 945.50M, and float is at 657.68M with Short Float at 0.93%.
STMicroelectronics N.V. (STM): Who are the competitors?
The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading -20.53% down over the past 12 months and Amtech Systems Inc. (ASYS) that is 11.00% higher over the same period. Analog Devices Inc. (ADI) is 6.95% up on the 1-year trading charts.