ST Microelectronics (NYSE: STM) is -33.48% lower on its value in year-to-date trading and has touched a low of $17.25 and a high of $43.32 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 $29.02 in the last trading session, with the day’s loss setting it -21.33%.
Currently trading at $7.69M, the stock is 3.99% and 15.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.87 million and changing 6867244% at the moment leaves the stock 12.30% off its SMA200. STM registered 14.82% gain for a year compared to 6-month gain of 11.34%. The firm has a 50-day simple moving average (SMA 50) of $24.8014 and a 200-day simple moving average (SMA200) of $25.52915.
The stock witnessed a 10.82% loss in the last 1 month and extending the period to 3 months gives it a 17.50%, and is -4.15% 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 2.05% over the week and 3.07% over the month.
ST Microelectronics (STM) has around 49602 employees, a market worth around $25.40B and $12.32B in sales. Current P/E ratio is 24.43 and Fwd P/E is 18.52. Profit margin for the company is 8.94%. Distance from 52-week low is 66.20% and -33.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.61%).
The EPS is expected to shrink by -58.43% this year.
ST Microelectronics (STM) Top Institutional Holders
381.0 institutions hold shares in ST Microelectronics (STM), with institutional investors hold 11.01% of the company’s shares. The shares outstanding are 894.41M, and float is at 885.90M with Short Float at 1.92%. Institutions hold 11.01% 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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