Seagate Technology Holdings Plc (NASDAQ:STX) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $117.34.
Actively observing the price movement in the last trading, the stock closed the session at $117.05. The PE ratio was 16.96 over 12-month period. Referring to stock’s 52-week performance, its high was $117.36, and the low was $63.19. On the whole, STX has fluctuated by 42.82% over the past month.
With the market capitalization of Seagate Technology Holdings Plc currently standing at about $24.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.84, with its dividend yield at 2.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.05B, with a low estimate of 2.25B and a high estimate of 2.49B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.4B.
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 100% Buy 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% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.16, with the price of STX currently trading nearly 14.29% and 32.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.49, while the 7-day volatility ratio is showing 1.80% which for the 30-day chart, stands at 3.08%. Furthermore, Seagate Technology Holdings Plc (STX)’s beta value is 1.42, and its average true range (ATR) is 3.80.
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 0.25% in last session, and over the past year, it grew by 25.55%%.
Data on historical trading for Seagate Technology Holdings Plc (NASDAQ:STX) indicates that the trading volumes over the past 3 months, they’ve averaged 4.34 million. According to company’s latest data on outstanding shares, there are 212.21 million shares outstanding.
Nearly 0.53% of Seagate Technology Holdings Plc’s shares belong to company insiders and institutional investors own 94.21% of the company’s shares. The stock has risen by 35.95% 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.
