ST Microelectronics (NYSE:STM) shares, rose in value, with the stock price up by 3.48% to the previous day’s close as strong demand from buyers drove the stock to $23.97.
Actively observing the price movement in the recent trading, the stock is buoying the session at $23.16. The PE ratio was 20.42 over 12-month period. Referring to stock’s 52-week performance, its high was $45.39, and the low was $17.25. On the whole, STM has fluctuated by 10.95% over the past month.
With the market capitalization of ST Microelectronics currently standing at about $21.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.36, with its dividend yield at 1.50%.
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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.97, with the price of STM currently trading nearly 8.48% and 5.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.84, while the 7-day volatility ratio is showing 2.06% which for the 30-day chart, stands at 3.70%. Furthermore, ST Microelectronics (STM)’s beta value is 1.56, and its average true range (ATR) is 0.91.
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 3.48% in today’s session so far, and over the past year, it shrunk by -41.10%%.
Data on historical trading for ST Microelectronics (NYSE:STM) indicates that the trading volumes over the past 3 months, they’ve averaged 7.91 million. According to company’s latest data on outstanding shares, there are 894.41 million shares outstanding.
Nearly 0.00% of ST Microelectronics’s shares belong to company insiders and institutional investors own 9.34% of the company’s shares. The stock has fallen by -4.02% 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.
