ST Microelectronics [NYSE: STM] stock went on an upward path that rose over 2.58% on Wednesday, amounting to a one-week price increase of more than 5.47%.
Over the last 12 months, STM stock dropped by -12.67%. The one-year ST Microelectronics stock forecast points to a potential upside of 15.8. The average equity rating for STM stock is currently 1.85, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $38.00 billion, with 902.77 million shares outstanding and 892.33 million shares in the current float. Compared to the average trading volume of 3.24M shares, STM stock reached a trading volume of 3671527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on ST Microelectronics [STM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STM shares is $50.57 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 1.85. 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.
Goldman have made an estimate for ST Microelectronics shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 18, 2024. The new note on the price target was released on April 23, 2024, representing the official price target for ST Microelectronics stock. On January 25, 2024, analysts decreased their price target for STM shares from 50 to 48.
The Average True Range (ATR) for ST Microelectronics is set at 1.06, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 2.30. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 6.99.
STM Stock Performance Analysis:
ST Microelectronics [STM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.47. With this latest performance, STM shares dropped by -4.29% in over the last four-week period, additionally sinking by -6.31% over the last 6 months – not to mention a drop of -12.67% 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 55.41, with the RSI for the last a single of trading hit 59.70, and the three-weeks RSI is set at 53.25 for ST Microelectronics [STM]. The present Moving Average for the last 50 days of trading for this stock 41.57, while it was recorded at 42.01 for the last single week of trading, and 43.67 for the last 200 days.
Insight into ST Microelectronics Fundamentals:
ST Microelectronics’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.58 and a Current Ratio set at 3.34.
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 ST Microelectronics go to -1.30%.
ST Microelectronics [STM] Institutonal Ownership Details
The top three institutional holders of STM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in STM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in STM stock with ownership which is approximately 5.1238%.