ST Microelectronics (NYSE:STM) shares, rose in value on Wednesday, January 22, with the stock price down by -1.17% to the previous day’s close as strong demand from buyers drove the stock to $25.45.
Actively observing the price movement in the last trading, the stock closed the session at $25.75, falling within a range of $25.415 and $25.74. The value of beta (5-year monthly) was 1.244 whereas the PE ratio was 10.45 over 12-month period. Referring to stock’s 52-week performance, its high was $49.05, and the low was $23.66. On the whole, STM has fluctuated by 2.00% over the past month.
With the market capitalization of ST Microelectronics currently standing at about $22.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.33, with its dividend yield at 1.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.26B, with a low estimate of 3.27B and a high estimate of 3.33B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.31B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.70, with the price of STM currently trading nearly 1.42% and -0.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.49, while the 7-day volatility ratio is showing 1.40% which for the 30-day chart, stands at 2.16%. Furthermore, ST Microelectronics (STM)’s beta value is 1.52, and its average true range (ATR) is 0.70.
A comparison of ST Microelectronics (STM) with its peers suggests the former has fared considerably weaker in the market. STM showed an intraday change of -1.17% in last session, and over the past year, it shrunk by -43.43%%.
Data on historical trading for ST Microelectronics (NYSE:STM) indicates that the trading volumes over the past 10 days have averaged 5.59 and over the past 3 months, they’ve averaged 5.48 million. According to company’s latest data on outstanding shares, there are 901.55 million shares outstanding.
Nearly 0.00% of ST Microelectronics’s shares belong to company insiders and institutional investors own 8.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.86 million shares as on 2024-12-31, resulting in a short ratio of 2.23. According to the data, the short interest in ST Microelectronics (STM) stood at 183.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 10.05 million. The stock has risen by 1.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STM stock heading into the next quarter.
