STMicroelectronics N.V. [STM] Stock trading around $34.58 per share: What’s Next?

STMicroelectronics N.V. [NYSE: STM] stock went on a downward path that fall over -0.46% on Wednesday, amounting to a one-week price increase of more than 8.67%. The company report on October 27, 2022 that STMicroelectronics Reports 2022 Third Quarter Financial Results.


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Over the last 12 months, STM stock dropped by -22.73%. The one-year STMicroelectronics N.V. stock forecast points to a potential upside of 42.2. The average equity rating for STM stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $31.05 billion, with 946.80 million shares outstanding and 656.36 million shares in the current float. Compared to the average trading volume of 3.71M shares, STM stock reached a trading volume of 4401759 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on STMicroelectronics N.V. [STM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STM shares is $59.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STM stock is a recommendation set at 2.10. 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.

William Blair have made an estimate for STMicroelectronics N.V. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 17, 2022. The new note on the price target was released on April 12, 2022, representing the official price target for STMicroelectronics N.V. stock. Previously, the target price had yet another raise from $50 to $62, while Robert W. Baird kept a Outperform rating on STM stock.

The Average True Range (ATR) for STMicroelectronics N.V. is set at 1.44, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 3.83. Price to Free Cash Flow for STM in the course of the last twelve months was 33.64 with Quick ratio for the last quarter at 1.70.

STM Stock Performance Analysis:

STMicroelectronics N.V. [STM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.67. With this latest performance, STM shares gained by 4.47% in over the last four-week period, additionally sinking by -6.01% over the last 6 months – not to mention a drop of -22.73% 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 STM stock in for the last two-week period is set at 56.67, with the RSI for the last a single of trading hit 63.16, and the three-weeks RSI is set at 53.29 for STMicroelectronics N.V. [STM]. The present Moving Average for the last 50 days of trading for this stock 34.26, while it was recorded at 33.70 for the last single week of trading, and 37.95 for the last 200 days.

Insight into STMicroelectronics N.V. Fundamentals:

STMicroelectronics N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.30.

STM Stock EPS

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 STM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for STMicroelectronics N.V. go to 5.00%.

STMicroelectronics N.V. [STM] Insider Position Details

There are presently around $1,521 million, or 5.00% of STM stock, in the hands of institutional investors. The top three institutional holders of STM stocks are: VAN ECK ASSOCIATES CORP with ownership of 4,754,458, which is approximately -1.442% of the company’s market cap and around 28.40% of the total institutional ownership; BLACKROCK INC., holding 3,287,825 shares of the stock with an approximate value of $113.69 million in STM stocks shares; and WOODLINE PARTNERS LP, currently with $109.69 million in STM stock with ownership of nearly 282.452% of the company’s market capitalization.

Positions in STMicroelectronics N.V. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 119 institutional holders increased their position in STMicroelectronics N.V. [NYSE:STM] by around 11,063,256 shares. Additionally, 144 investors decreased positions by around 6,434,797 shares, while 62 investors held positions by with 26,483,318 shares. The mentioned changes placed institutional holdings at 43,981,371 shares, according to the latest SEC report filing. STM stock had 32 new institutional investments in for a total of 1,998,318 shares, while 48 institutional investors sold positions of 2,451,005 shares during the same period.

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