Seagate Technology Holdings Plc [NASDAQ: STX] traded at a low on Wednesday, posting a -1.18 loss after which it closed the day’ session at $97.63.
The results of the trading session contributed to over 4571097 shares changing hands. Over the past one week, the price volatility of Seagate Technology Holdings Plc stands at 3.85% while the volatility over the past one month is 2.51%.
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The market cap for STX stock reached $20.65 billion, with 211.46 million shares outstanding and 210.26 million shares in the current float. Compared to the average trading volume of 2.19M shares, STX reached a trading volume of 4571097 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $122.58 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 2.08. 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 2.90, with the Price to Sales ratio for STX stock in the period of the last 12 months amounting to 2.84. Price to Free Cash Flow for STX in the course of the last twelve months was 32.57 with Quick ratio for the last quarter at 0.70.
How has STX stock performed recently?
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 -3.96. With this latest performance, STX shares dropped by -2.26% in over the last four-week period, additionally plugging by 1.07% over the last 6 months – not to mention a rise of 24.23% 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 40.91, with the RSI for the last a single of trading hit 39.10, and the three-weeks RSI is set at 42.43 for Seagate Technology Holdings Plc [STX]. The present Moving Average for the last 50 days of trading for this stock 104.25, while it was recorded at 100.18 for the last single week of trading, and 98.27 for the last 200 days.
Seagate Technology Holdings Plc [STX]: Deeper insight into the fundamentals
Seagate Technology Holdings Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.14.
Earnings analysis for Seagate Technology Holdings Plc [STX]
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 52.97%.
Insider trade positions for Seagate Technology Holdings Plc [STX]
There are presently around $90.68%, or 91.11%% 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%.
