Seagate Technology Holdings Plc (NASDAQ: STX) is 6.72% higher on its value in year-to-date trading and has touched a low of $54.32 and a high of $101.26 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 $91.74 in the last trading session, with the day’s loss setting it -0.63%.
Currently trading at $91.11, the stock is 0.29% and 4.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.89 million and changing -0.69% at the moment leaves the stock 25.07% off its SMA200. STX registered 47.55% gain for a year compared to 6-month gain of 41.67%. The firm has a 50-day simple moving average (SMA 50) of $3.70 and a 200-day simple moving average (SMA200) of $368.81.
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The stock witnessed a 1.90% loss in the last 1 month and extending the period to 3 months gives it a 13.05%, and is -7.62% down 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 3.95% over the week and 2.72% over the month.
Seagate Technology Holdings Plc (STX) has around 33400 employees, a market worth around $19.09B and $6.47B in sales. Fwd P/E is 19.10. Profit margin for the company is -11.25%. Distance from 52-week low is 67.73% and -10.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.88%).
Seagate Technology Holdings Plc quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $1.67B over the same period.The EPS is expected to grow by 264.14% this year, but quarterly earnings will post -12.00% year-over-year.
Seagate Technology Holdings Plc (STX) Top Institutional Holders
1,038 institutions hold shares in Seagate Technology Holdings Plc (STX), with institutional investors hold 93.98% of the company’s shares. The shares outstanding are 209.51M, and float is at 208.34M with Short Float at 4.78%. Institutions hold 93.47% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.8 million shares valued at $1.47 billion. The investor’s holdings represent 11.45% of the STX Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 16.18 million shares valued at $1.0 billion to account for 7.78% of the shares outstanding. The other top investors are Sanders Capital, LLC which holds 15.02 million shares representing 7.23% and valued at over $929.56 million, while Blackrock Inc. holds 7.21% of the shares totaling 14.98 million with a market value of $927.05 million.
Seagate Technology Holdings Plc (STX) Insider Activity
The most recent transaction is an insider sale by MOSLEY WILLIAM D,the company’sChief Executive Officer. SEC filings show that MOSLEY WILLIAM D sold 1,000 shares of the company’s common stock on Mar 09 ’24 at a price of $92.69 per share for a total of $92690.0. Following the sale, the insider now owns 0.67 million shares.
Seagate Technology Holdings Plc disclosed in a document filed with the SEC on Mar 09 ’24 that Romano Gianluca (EVP & CFO) sold a total of 485 shares of the company’s common stock. The trade occurred on Mar 09 ’24 and was made at $92.69 per share for $44955.0. Following the transaction, the insider now directly holds 72877.0 shares of the STX stock.
Still, SEC filings show that on Mar 09 ’24, Morris John Christopher (SVP, HDD & SDD Products & CTO) disposed off 180 shares at an average price of $92.69 for $16684.0. The insider now directly holds 28,925 shares of Seagate Technology Holdings Plc (STX).
