Seagate Technology plc [STX] is 15.38% higher this YTD. Is it still time to buy?

Seagate Technology plc [NASDAQ: STX] surged by $6.86 during the normal trading session on Wednesday and reaching a high of $77.065 during the day while it closed the day at $71.72. The company report on January 22, 2021 that Seagate Technology Reports Fiscal Second Quarter 2021 Financial Results.

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– Revenue of $2.62 billion– GAAP operating margin of 13.3%; non-GAAP operating margin of 14.7%– GAAP diluted earnings per share (EPS) of $1.12; non-GAAP diluted EPS of $1.29– Cash flow from operations of $473 million and free cash flow of $314 million– Returned $1.2 billion to shareholders through dividends and the repurchase of 18 million ordinary shares– Declared cash dividend of $0.67 per share.

Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) reported financial results for its fiscal second quarter ended January 1, 2021.

Seagate Technology plc stock has also gained 16.77% of its value over the past 7 days. However, STX stock has inclined by 46.49% in the 3 months of the year. Over the past six months meanwhile, it has gained 47.66% and gained 15.38% year-on date.

The market cap for STX stock reached $19.33 billion, with 257.00 million shares outstanding and 255.50 million shares in the current float. Compared to the average trading volume of 3.31M shares, STX reached a trading volume of 20283289 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Seagate Technology plc [STX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STX shares is $62.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STX stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Summit Insights have made an estimate for Seagate Technology plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 22, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $60 to $70. The new note on the price target was released on January 22, 2021, representing the official price target for Seagate Technology plc stock. Previously, the target price had yet another raise from $60 to $70, while Loop Capital kept a Buy rating on STX stock. On January 19, 2021, analysts increased their price target for STX shares from 50 to 55.

The Average True Range (ATR) for Seagate Technology plc is set at 2.62, with the Price to Sales ratio for STX stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 10.12, with the Price to Cash per share for the same quarter was set at 6.17. Price to Free Cash Flow for STX in the course of the last twelve months was 42.39 with Quick ratio for the last quarter at 1.00.

STX stock trade performance evaluation

Seagate Technology plc [STX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.77. With this latest performance, STX shares gained by 13.93% in over the last four-week period, additionally plugging by 47.66% over the last 6 months – not to mention a rise of 15.73% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STX stock in for the last two-week period is set at 75.38, with the RSI for the last a single of trading hit 80.53, and the three-weeks RSI is set at 72.06 for Seagate Technology plc [STX]. The present Moving Average for the last 50 days of trading for this stock 61.23, while it was recorded at 64.14 for the last single week of trading, and 52.07 for the last 200 days.

Seagate Technology plc [STX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Seagate Technology plc [STX] shares currently have an operating margin of +13.18 and a Gross Margin at +26.94. Seagate Technology plc’s Net Margin is presently recorded at +9.55.

Return on Total Capital for STX is now 22.27, given the latest momentum, and Return on Invested Capital for the company is 16.18. Return on Equity for this stock inclined to 50.85, with Return on Assets sitting at 11.27. When it comes to the capital structure of this company, Seagate Technology plc [STX] has a Total Debt to Total Equity ratio set at 237.16. Additionally, STX Total Debt to Total Capital is recorded at 70.34, with Total Debt to Total Assets ending up at 47.46. Long-Term Debt to Equity for the company is recorded at 235.31, with the Long-Term Debt to Total Capital now at 69.79.

Reflecting on the efficiency of the workforce at the company, Seagate Technology plc [STX] managed to generate an average of $23,905 per employee. Receivables Turnover for the company is 9.99 with a Total Asset Turnover recorded at a value of 1.18.Seagate Technology plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for Seagate Technology plc [STX] stock

With the latest financial reports released by the company, Seagate Technology plc posted 1.38/share EPS, while the average EPS was predicted by analysts to be reported at 1.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Seagate Technology plc go to 4.49%.

Seagate Technology plc [STX]: Insider Ownership positions

There are presently around $14,055 million, or 88.20% of STX stock, in the hands of institutional investors. The top three institutional holders of STX stocks are: VALUEACT HOLDINGS, L.P. with ownership of 31,554,360, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 28,019,777 shares of the stock with an approximate value of $1.82 billion in STX stocks shares; and BLACKROCK INC., currently with $1.09 billion in STX stock with ownership of nearly -1.654% of the company’s market capitalization.

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Positions in Seagate Technology plc stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 278 institutional holders increased their position in Seagate Technology plc [NASDAQ:STX] by around 13,903,454 shares. Additionally, 306 investors decreased positions by around 13,823,146 shares, while 92 investors held positions by with 188,966,666 shares. The mentioned changes placed institutional holdings at 216,693,266 shares, according to the latest SEC report filing. STX stock had 70 new institutional investments in for a total of 2,884,192 shares, while 84 institutional investors sold positions of 2,132,730 shares during the same period.

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