Seagate Technology Holdings plc [STX] is 23.28% higher this YTD. Is it still time to buy?

Seagate Technology Holdings plc [NASDAQ: STX] closed the trading session at $64.86 on 03/02/23. The day’s price range saw the stock hit a low of $62.47, while the highest price level was $65.215. The company report on February 22, 2023 that Seagate to Participate in Upcoming Investor Event.

Seagate Technology Holdings plc (NASDAQ: STX), a world leader in mass-data storage infrastructure solutions, today announced that management is scheduled to participate in the following investor event:.

The stocks have a year to date performance of 23.28 percent and weekly performance of -3.31 percent. The stock has been moved at -6.57 percent over the last six months. The stock has performed -4.31 percent around the most recent 30 days and changed 26.06 percent over the most recent 3-months.

If compared to the average trading volume of 2.54M shares, STX reached to a volume of 2793336 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 Holdings plc [STX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STX shares is $67.47 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 2.50. 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.

Mizuho have made an estimate for Seagate Technology Holdings plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 10, 2023. While these analysts kept the previous recommendation, Barclays raised their target price from $50 to $70. The new note on the price target was released on January 23, 2023, representing the official price target for Seagate Technology Holdings plc stock. Previously, the target price had yet another raise from $54 to $69, while Morgan Stanley kept a Overweight rating on STX stock. On October 27, 2022, analysts decreased their price target for STX shares from 85 to 55.

The Average True Range (ATR) for Seagate Technology Holdings plc is set at 2.18, with the Price to Sales ratio for STX stock in the period of the last 12 months amounting to 1.45. Price to Free Cash Flow for STX in the course of the last twelve months was 86.58 with Quick ratio for the last quarter at 0.70.

STX stock trade performance evaluation

Seagate Technology Holdings plc [STX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.31. With this latest performance, STX shares dropped by -4.31% in over the last four-week period, additionally sinking by -6.57% over the last 6 months – not to mention a drop of -35.54% 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 45.70, with the RSI for the last a single of trading hit 38.50, and the three-weeks RSI is set at 50.15 for Seagate Technology Holdings plc [STX]. The present Moving Average for the last 50 days of trading for this stock 62.02, while it was recorded at 64.78 for the last single week of trading, and 65.75 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Seagate Technology Holdings plc [STX] shares currently have an operating margin of +17.04 and a Gross Margin at +29.75. Seagate Technology Holdings plc’s Net Margin is presently recorded at +14.14.

Return on Equity for this stock inclined to 445.68, with Return on Assets sitting at 18.72.

Seagate Technology Holdings plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

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

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 Holdings plc go to -7.77%.

Seagate Technology Holdings plc [STX]: Insider Ownership positions

There are presently around $11,610 million, or 87.80% of STX stock, in the hands of institutional investors. The top three institutional holders of STX stocks are: VANGUARD GROUP INC with ownership of 23,292,557, which is approximately -0.765% of the company’s market cap and around 0.40% of the total institutional ownership; JPMORGAN CHASE & CO, holding 14,381,848 shares of the stock with an approximate value of $932.81 million in STX stocks shares; and VALUEACT HOLDINGS, L.P., currently with $871.53 million in STX stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Seagate Technology Holdings plc stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 309 institutional holders increased their position in Seagate Technology Holdings plc [NASDAQ:STX] by around 23,572,464 shares. Additionally, 341 investors decreased positions by around 18,702,420 shares, while 104 investors held positions by with 136,725,610 shares. The mentioned changes placed institutional holdings at 179,000,494 shares, according to the latest SEC report filing. STX stock had 89 new institutional investments in for a total of 7,835,136 shares, while 103 institutional investors sold positions of 2,294,289 shares during the same period.