Seagate Technology Holdings Plc (NASDAQ: STX) is 25.34% higher on its value in year-to-date trading and has touched a low of $82.31 and a high of $115.32 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 $101.25 in the last trading session, with the day’s gains setting it 6.93%.
Currently trading at $108.18, the stock is 18.79% and 13.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.79 million and changing 6.84% at the moment leaves the stock 9.75% off its SMA200. STX registered 26.64% gain for a year compared to 6-month loss of 1.88%. The firm has a 50-day simple moving average (SMA 50) of $95.521 and a 200-day simple moving average (SMA200) of $98.57185.
The stock witnessed a 18.10% gain in the last 1 month and extending the period to 3 months gives it a -3.51%, and is 18.58% 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 3.37% over the week and 2.61% over the month.
Seagate Technology Holdings Plc (STX) has around 30000 employees, a market worth around $22.88B and $8.04B in sales. Current P/E ratio is 19.79 and Fwd P/E is 10.86. Profit margin for the company is 14.67%. Distance from 52-week low is 31.43% and -6.19% from its 52-week high. The company has generated returns on investments over the last 12 months (28.61%).
with sales reaching $2.14B over the same period.The EPS is expected to grow by 477.14% this year, but quarterly earnings will post 36.99% year-over-year. Quarterly sales are estimated to grow 29.31% in year-over-year returns.
1149.0 institutions hold shares in Seagate Technology Holdings Plc (STX), with institutional investors hold 91.27% of the company’s shares. The shares outstanding are 212.00M, and float is at 210.32M with Short Float at 5.91%. Institutions hold 90.90% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.2 million shares valued at $2.6 billion. The investor’s holdings represent 12.0002 of the STX Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 23.05 million shares valued at $2.38 billion to account for 11.0278 of the shares outstanding. The other top investors are SANDERS CAPITAL, LLC which holds 16.22 million shares representing 7.7226 and valued at over $1.67 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 6.7056 of the shares totaling 14.08 million with a market value of $1.45 billion.
Seagate Technology Holdings Plc (STX) Insider Activity
The most recent transaction is an insider sale by MOSLEY WILLIAM D, the company’s Chief Executive Officer. SEC filings show that MOSLEY WILLIAM D sold 20,000 shares of the company’s common stock on Jan 02 ’25 at a price of $86.65 per share for a total of $1.73 million. Following the sale, the insider now owns 0.61 million shares.
Still, SEC filings show that on Dec 12 ’24, Morris John Christopher (SVP & CTO) disposed off 141 shares at an average price of $98.46 for $13883.0. The insider now directly holds 7,757 shares of Seagate Technology Holdings Plc (STX).
