Seagate Technology Holdings Plc [NASDAQ: STX] price surged by 4.08 percent to reach at $3.95.
The one-year STX stock forecast points to a potential upside of 14.95. The average equity rating for STX stock is currently 2.25, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $118.44 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 2.25. 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.
TD Cowen have made an estimate for Seagate Technology Holdings Plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 24, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on June 05, 2024, representing the official price target for Seagate Technology Holdings Plc stock. Previously, the target price had yet another raise to $110, while Citigroup analysts kept a Buy rating on STX stock.
The Average True Range (ATR) for Seagate Technology Holdings Plc is set at 3.22, with the Price to Sales ratio for STX stock in the period of the last 12 months amounting to 3.23. Price to Free Cash Flow for STX in the course of the last twelve months was 31.89 with Quick ratio for the last quarter at 0.68.
STX Stock Performance Analysis:
Seagate Technology Holdings Plc [STX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.02. With this latest performance, STX shares gained by 8.85% in over the last four-week period, additionally plugging by 2.13% over the last 6 months – not to mention a rise of 36.68% 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 50.60, with the RSI for the last a single of trading hit 51.41, and the three-weeks RSI is set at 50.44 for Seagate Technology Holdings Plc [STX]. The present Moving Average for the last 50 days of trading for this stock 101.75, while it was recorded at 98.77 for the last single week of trading, and 91.73 for the last 200 days.
Insight into Seagate Technology Holdings Plc Fundamentals:
Seagate Technology Holdings Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 1.08.
STX Stock EPS
With the latest financial reports released by the company, Seagate Technology Holdings Plc posted -0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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.
Seagate Technology Holdings Plc [STX] Institutonal Ownership Details
There are presently around $91.25%, or 91.71%% of STX stock, in the hands of institutional investors. The top three institutional holders of STX stocks are: VANGUARD GROUP INC with ownership of 25.2 million shares, which is approximately 12.0002%. JPMORGAN CHASE & CO, holding 23.05 million shares of the stock with an approximate value of $$2.38 billion in STX stocks shares; and JPMORGAN CHASE & CO, currently with $$1.67 billion in STX stock with ownership which is approximately 7.7226%.
