ST Microelectronics (NYSE: STM) is -47.28% lower on its value in year-to-date trading and has touched a low of $23.95 and a high of $51.27 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 STM stock was last observed hovering at around $25.93 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $26.43, the stock is 3.02% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.32 million and changing 1.93% at the moment leaves the stock -26.15% off its SMA200. STM registered -44.32% loss for a year compared to 6-month loss of -40.59%. The firm has a 50-day simple moving average (SMA 50) of $27.0044 and a 200-day simple moving average (SMA200) of $35.7885.
The stock witnessed a -0.26% gain in the last 1 month and extending the period to 3 months gives it a -8.45%, and is 3.65% 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 2.13% over the week and 2.09% over the month.
ST Microelectronics (STM) has around 51323 employees, a market worth around $23.60B and $14.23B in sales. Current P/E ratio is 10.86 and Fwd P/E is 18.98. Profit margin for the company is 16.11%. Distance from 52-week low is 10.33% and -48.45% from its 52-week high. The company has generated returns on investments over the last 12 months (11.65%).
The EPS is expected to shrink by -63.24% this year.
ST Microelectronics (STM) Top Institutional Holders
414.0 institutions hold shares in ST Microelectronics (STM), with institutional investors hold 8.53% of the company’s shares. The shares outstanding are 901.55M, and float is at 893.03M with Short Float at 1.03%. Institutions hold 8.53% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 6.48 million shares valued at $254.39 million. The investor’s holdings represent 0.7189% of the STM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.6 million shares valued at $219.81 million to account for 0.6212 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 4.14 million shares representing 0.4599% and valued at over $162.74 million, while CAPITAL INTERNATIONAL INVESTORS holds 0.3503 of the shares totaling 3.16 million with a market value of $123.03 million.
ST Microelectronics (STM) Insider Activity
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