Seagate Technology plc (NASDAQ:STX) traded at $92.16 at last check on Monday, May 03, made a downturn move of -0.73% on its previous day’s price.
Looking at the stock we see that its previous close was $92.84 and the beta (5Y monthly) reads 1.2 with the day’s price range being $90.94 – 94.00. The company has a trailing 12-month PE ratio of 23.21. In terms of its 52-week price range, STX has a high of $97.12 and a low of $43.53. The company’s stock has gained about 20.96% over that past 30 days.
Seagate Technology plc has a market cap of $22.36 Billion and is expected to release its quarterly earnings report on Jul 26, 2021- Jul 30, 2021. With its Forward Dividend at 2.68 and a yield of 2.89%, the company’s investors could be anxious for the STX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.63, with the EPS growth for the year raised at $5.31 for 2021 and $6.71 for next year. These figures represent 0.07% and 0.26% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.87 Billion, with a low of $2.84 Billion and a high of $2.95 Billion. The median projection represents growth adding up to 13.8% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $10.53 Billion, or +0.2% up from figures reported last year.
There have been 14 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the STX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 11 have rated the Seagate Technology plc (STX) stock as a Hold, while 11 rate it as a Buy. 1 analyst(s) rate it as outperform while none of them rated it as underperform, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the STX stock currently stands at 2.82, and the most recent price level today is 8.73% off its SMA20 and 17.17% from its 50-day simple moving average. The RSI (14) is pointing at 68.96 while the volatility over the past week is 3.27% and drops to 2.55% over the past one month. The beta value is 1.2, while the average true range (ATR) is currently pointing at 2.48. The average price target for the stock over the next 12 months is $87.9, with the estimates having a low of $58 and a high of $107. These price ends are -37.07% and +16.1% off the today’s price level respectively, although investors could be excited at the prospect of a +3.08% if the STX share price touches on the median price of $95.
Let’s briefly compare Seagate Technology plc (STX) stock to its peers. We find that today’s price change of -0.73% and +85.87% over the past 12 months for STX betters that of Western Digital Cp (WDC), which has seen its stock price fall -0.78% in the latest trading session and is +53.28% over the last one year. Another of its peers Netapp Inc (NTAP) has dropped -0.59% today, and was +70.64% up over the past year, while Pure Storage Inc (PSTG) is also down -0.73% yet, while its price remains in the green at 85.87% over the same period. Seagate Technology plc has a P/E ratio of 23.21 compared to Western Digital Cp’s 126.8 and Netapp Inc’s 28.35. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.36% and 0.83%, respectively, in early deals.
Coming back to Seagate Technology plc (NASDAQ:STX), we note that the average 3-month trading volume was 3.1 Million, while that of the preceding 10-day period stands at 4.06 Million. Current shares outstanding are 230Million.
According to data from Thomson Reuters, insiders hold 0.56% of the company’s shares while institutions hold 89.61%. The data shows that short shares as of April 14, 2021, stood at 14.39 Million at a short ratio of 4.95. This represents a 6.26% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 16.01 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +49.36% up in year-to-date price movement.