ST Microelectronics (NYSE: STM) is -12.05% lower on its value in year-to-date trading and has touched a low of $21.36 and a high of $45.39 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 $22.15 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $21.96, the stock is -10.11% and -10.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing -0.86% at the moment leaves the stock -24.09% off its SMA200. STM registered -50.06% loss for a year compared to 6-month loss of -25.51%. The firm has a 50-day simple moving average (SMA 50) of $24.5056 and a 200-day simple moving average (SMA200) of $28.9305.
The stock witnessed a -11.06% gain in the last 1 month and extending the period to 3 months gives it a -13.98%, and is -9.70% 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 2.61% over the week and 3.07% over the month.
ST Microelectronics (STM) has around 49602 employees, a market worth around $19.54B and $13.27B in sales. Current P/E ratio is 13.25 and Fwd P/E is 12.84. Profit margin for the company is 11.74%. Distance from 52-week low is 2.81% and -51.62% from its 52-week high. The company has generated returns on investments over the last 12 months (7.96%).
with sales reaching $2.53B over the same period.The EPS is expected to shrink by -52.01% this year, but quarterly earnings will post -12.43% year-over-year. Quarterly sales are estimated to shrink -26.88% in year-over-year returns.
ST Microelectronics (STM) Top Institutional Holders
394.0 institutions hold shares in ST Microelectronics (STM), with institutional investors hold 9.11% of the company’s shares. The shares outstanding are 898.18M, and float is at 889.66M with Short Float at 1.04%. Institutions hold 9.11% 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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