Seagate Technology Holdings Plc (NASDAQ:STX) shares, rose in value, with the stock price up by 0.83% to the previous day’s close as strong demand from buyers drove the stock to $100.62.
Actively observing the price movement in the recent trading, the stock is buoying the session at $99.79, falling within a range of $98.93 and $101.2099. The value of beta (5-year monthly) is 1.062 whereas the PE ratio is 26.31 over 12-month period. Referring to stock’s 52-week performance, its high was $115.32, and the low was $66.93. On the whole, STX has fluctuated by -7.31% over the past month.
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With the market capitalization of Seagate Technology Holdings Plc currently standing at about $21.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-22. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 2.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.25B, with a low estimate of 2.29B and a high estimate of 2.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.32B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.50, with the price of STX currently trading nearly -6.27% and -4.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.65, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 2.55%. Furthermore, Seagate Technology Holdings Plc (STX)’s beta value is 1.06, and its average true range (ATR) is 2.94.
A comparison of Seagate Technology Holdings Plc (STX) with its peers suggests the former has fared considerably weaker in the market. STX showed an intraday change of 0.83% in today’s session so far, and over the past year, it grew by 47.43%%.
Data on historical trading for Seagate Technology Holdings Plc (NASDAQ:STX) indicates that the trading volumes over the past 10 days have averaged 3.09 and over the past 3 months, they’ve averaged 2.24 million. According to company’s latest data on outstanding shares, there are 211.53 million shares outstanding.
Nearly 0.49% of Seagate Technology Holdings Plc’s shares belong to company insiders and institutional investors own 89.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.91 million shares as on 2024-10-15, resulting in a short ratio of 5.74. According to the data, the short interest in Seagate Technology Holdings Plc (STX) stood at 663.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 10.83 million. The stock has risen by 17.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STX stock heading into the next quarter.
